BLC has funded a $6,715,000 bridge loan for the refinance of maturing debt on a hotel in Southern California. The borrowers wanted to avoid longer term fixed rate financing, with prepayment penalties that may not benefit them in the future. They preferred BLC Companies shorter term bridge loan financing, which allows them the flexibility should rates come back down.
$5,087,000 bridge loan for the refinance of a retail center in California
BLC has just funded a $5,087,000 bridge loan for the refinance of a retail center
