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