$6,825,000 Bridge Loan for the Refinance of a Mixed-Use Office Building in Ohio

BLC has funded a $6,825,000 bridge loan for the refinance of a mixed-use office building in Ohio. The property is an investor-owned office and lab building. The borrower’s current financing was maturing and the borrower wanted to obtain a loan with more favorable terms. The property was also realizing lease turnover in the short-term so the Bridge Loan from BLC will allow them time to renegotiate longer term leases and then refinance again into longer term financing as a planned take-out. This is another example of The BLC Companies knowledge and experience providing a timely, workable and beneficial financing solution for the borrower.