Bridge loan for the refinance of an Albertsons-anchored retail center in Nevada

I am pleased to announce that BLC has recently funded a $9,154,000 Bridge loan for the refinance of an Albertsons-anchored retail center in Nevada. The borrower had a maturing CMBS loan and BLC was able to step in and provide an advantageous Bridge Loan structure that provided near-term flexibility and competitive terms for the borrower. This transaction is another example of how BLC is providing sound solutions for borrowers coming out of maturing CMBS and LifeCo loans that are looking to ride out the current declining interest rate and potential cap rate compression cycle. This is another example of The BLC Companies knowledge and experience providing a timely, workable, and beneficial financing solution for the borrower.