I am pleased to announce that BLC has recently funded a $11,500,000 Bridge loan for the purchase of a travel center in Wyoming. The borrower entered into a sale-leaseback agreement with a large travel center chain that had converted the property into a full-service TA Travel Center. The borrower was seeking bridge financing to facilitate a quick close on the sale-leaseback agreement and to allow the property time to season revenues under the new franchise before seeking long-term financing. This is another example of The BLC Companies knowledge and experience providing a timely, workable, and beneficial financing solution for the borrower.
Bridge loan for the purchase of a Hilton-branded hotel in Texas
I am pleased to announce that BLC has recently funded a $16,200,000 Bridge loan for
