|Blackburne & Sons Closes Two Loans (Totalling $375,375.00) in 30 days!
Blackburne & Sons Realty Capital Corporation is pleased to announce the closing of a $207,350 first mortgage on a 94,041SF office building on a 17,500SF parcel and a $168,025 first mortgage on a 33,160SF office building on a 7,000SF parcel.
Our borrower needed to purchase these two adjacent properties at auction in less than 30 days! Traditional lenders were unable to provide him financing on such short notice.
Blackburne & Sons is a private money lender and therefore is far more flexible than traditional lenders. While we always do our due dilegence, we do not have a strict and inflexible process that many other lenders have. We were able to put a rush on the due diligence reports and make quick (but informed) decisions on these loans. Once we offered the deals to our private investors, they sold out the same day!
In addition, none of our loans have prepayment penalties so the borrower can refiance at any time. This is great if you have a strong borrower on a deadline and your tradtional lender is dragging their feet.
If you have a borrower that needs to close quickly, give Blackburne & Sons a call. Let us see what we can do for you.
|Need a Hard Money Commercial Loan?
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BLACKBURNE & SONS REALTY CAPITAL CORPORATION
Real Estate Broker - California Department of Real Estate | License Number 829677