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Stop running around from lender to lender looking for a commercial real estate loan.
Become part of the BLC network and have fast access to the lending power of more
than 400 credit unions!
We are the exclusive origination source for the largest credit union commercial
real estate lending CUSO (Credit Union Service Organization) in the United States.
Become part of this powerful group that provides a direct source of lending capital
to you or your clients.
Click here to
become a member of our correspondence network!
This is a one stop shop for
- Direct Lender
- Underwriting
- Participating
- Closing
- Funding
- Servicing
Simple Guideline for Fast Commercial Real Estate Loans
- Up to $20 Million
- Debt service coverage ratio - 1.25 or higher
- Loan to value ratio - 75% or less desired, 80% maximum
- Years in business - 3 years or more, or related experience
- Amortization - 25 years or less desired, 30 years maximum
- Maturity - 10 years or less preferred, 15 years maximum
- Rate adjustment - Re-price after 5 years, or less
- Prepayment penalty – None
- Guarantors - Majority owners must guaranty
- Geography - Will consider anywhere in the continental U.S.
Product Targets
Best
Office
Multi Family, Apartments
Light industrial
Defined retail
Owner occupied
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Less Desirable
Mixed use
Hospitality
Restaurants, will consider
established franchise expansion
“Big box”
Specialized
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Basic Items Needed to Start the Process
Loan Request Details
- Loan Amount Requested:
- LTV est: (If known)
- Min DSCR: (if known)
- Interest Rate / Broker Points:
- Requested Term / Amort:
- Loan contingencies:
Purchase Details
- Purchase Price / Original Purchase Info for refinance:
- If refinance, current lender name/term/interest rate/balance/maturity
date:
- If acquisition, Outside closing date
Property
- Property Address, Description and details.
- Tenant(s) Information
Valuations
- Estimated ‘As is’ Value of subject property:
- Reasoning behind estimated valuations (projected cash flow, market
cap rates, ect.)
Sponsor/Guarantor
- Who is the sponsor/guarantor
- Brief summary & resume of borrower/sponsor/guarantor(s)
- Financial picture of property and guarantor(s)
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