BLC has just funded a $16,065,000 bridge loan for the purchase of a newly constructed Assisted Living Facility in Florida. The borrower was seeking short-term financing in order to take possession of the property before working to secure HUD financing as a permanent take-out. During the process of closing, the property received a direct hit from Hurricane Ian; however, the property was built to all the current hurricane requirements and the property withstood the storm extremely well. This is another example of The BLC Companies knowledge and experience working together with the borrower to provide a smooth, efficient, and beneficial financing package.