All commercial propertites. Existing, income-producing properties needing to be renovated, leased, re-tenanted and/or repositioned within its market.
Borrower
Individuals, Revocable Trusts, maximum 2 member LLC (no sub entities).
Loan Amount
Minimum $1,000,000.
Loan Term
Up to 24 Months.
Interest Rates
Tied to spreads over the ten-year Treasury.
Assumability
Assumable, subject to approval and applicable fees.
Prepayment
Negotiable.
Loan to Value
Up to 80%.
Debt Coverage Ratio
Case by Case.
Loan Request Package
Include the following in your request for a loan quote:
1. Completed FNMA 1003 Uniform Residential Loan Application.
2. Representative color photographs.
3. Signed current rent roll.
4. YTD Operating Statement.
"As a full service mortgage banking firm, BLC works as your financial advisor and as your lender. We carefully guide our clients through the finance maze, spending many hours evaluating the pros and cons of each alternative so that our clients can make fully informed financial decisions."
