Private Money Commercial Loan Rates

Individual Loan Pricing

Every one of our hard money commercial loans is individually-priced based on the risk, the desirability of the property, and the size of the loan (larger loans are more expensive).

Sacramento Office:

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

Michael Young – Loan Representative
michaely@blackburne.com
(916) 338-3232
NMLS # 1535540
DRE # 02012847

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

  • 3 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 11.9% in California
  • 10.9% to 13.9% outside of California