Private Money Commercial Loan Rates - Nationwide


Blackburne & Sons Realty Capital Corporation (est. 1980) is seeking the following types of commercial loans:

Loan Types

  • Permanent first mortgage loans
  • Bridge loans in a first mortgage position
  • Land loans
  • Sorry, no construction loans.

Minimum Loan

$100,000

Maximum Loan

$2,500,000 (maybe up to $3,500,000)

Acceptable Properties

All standing commercial properties, plus land loans, including:

  • Multifamily
  • Office
  • Retail buildings
  • Strip centers
  • Shopping centers
  • Industrial buildings
  • Warehouses
  • Mixed use buildings
  • Self storage
  • Hotels
  • Motels
  • Commercial condominiums
  • Industrial condominiums
  • Assisted living
  • Residential care homes
  • Day care facilities
  • Gentlemen's clubs
  • But no churches. We've had a 100% default rate on churches. :-(

Lending Area

  • Nationwide (Crime rate of the neighborhood must not exceed 125% of the national average)

Amortization

  • If the property is less than 50 years old:  30 years
  • If the property is older than 50 years:  25 to 15 years

Loan Term

15 years

Points

2.5 - 4 points typically

Prepayment Penalty

None

Application Fees / Upfront Fees

None

Loan-to-Value Ratio

  • Purchase money loans:  75%
  • Refinances:  65% to 70%
  • Land loans: 25% to 50% (usually 40%)

Interest Rate

  • 8.9% to 10.9% in California
  • 10.9% to 13.9% outside of California

Each loan is priced individually, depending on the safety and affluence of the area, the attractiveness of the property, the age of the property, the loan-to-value ratio, the size of the loan, whether the loan is a refinance or a purchase money loan, the income and wealth of the borrower, and the credit of the borrowers.

Sacramento Office:

            BLACKBURNE & SONS REALTY CAPITAL CORPORATION
            4811 Chippendale Drive, Suite 101, Sacramento, CA 95841

            Alicia Gandy - Loan Department Manager and Loan Officer
            gandy@blackburne.com
            (916) 338-3232
            BRE # 01430908
            NMLS # 389678

            George Blackburne, IV - Loan Representative
            georgeiv@blackburne.com
            (916) 338-3232
            BRE # 1873244
            NMLS # 382122

Midwest Offices:

            Tom Blackburne - Loan Representative
            tommy@blackburne.com
            (574) 210-6686
            BRE # 01919403
            NMLS # 1014118