Hard Money Loans


The term hard money loan refers to a real estate loan that is based primarily on the equity in the property, rather than on the borrower’s ability to prove that he can repay the loan.  

There are times in the life of every business when the company is losing money.  Staff and payroll needs to be cut.  New products have to developed and marketed.  This takes time and money, and it’s virtually impossible to get bank financing when a company is losing money.  If a company has equity in its plant or office building, however, the company can borrow against this equity to buy time.

Blackburne & Sons Realty Capital Corporation is a hard money mortgage company that only makes loans on commercial properties and multifamily properties.  Our underwriting is based primarily on the equity in the property, although a good credit record or strong financial statements will lead to a lower rate and a smaller loan fee.

Competing hard money lenders typically charge a high interest rate, a loan fee of at least three points, and have a loan term of just one or two years.  In contrast, Blackburne & Son’s rates and terms are closer to those of a bank than a hard money lender.  We make 15 year loans with no lockout clause and no prepayment penalty.

For a quick response and a loan quote, please click here.



"Blackburne & Son’s rates and terms are closer to those of a bank than a hard money lender.  We make 15 year loans with no lockout clause and no prepayment penalty."