Bridge Loan for the Refinance of an Office Building in Northern California

BLC has just funded a $6,587,000 bridge loan for the refinance of an office building in Northern California. The financing included minor funds for property improvements. Additionally, the borrower secured new leases, which included rent abatement periods. The loan from BLC gives them time to bridge the rent abatement period, afterwich the borrower will either refinance or sell the property. This is another example of The BLC Companies knowledge and experience providing a workable and beneficial financing solution for the borrower.