IRVINE, CA—Business Loan Capital says it has created an innovative multi-million dollar fund structured exclusively for the pursuit of directly financing owner-occupied commercial properties.
The Irvine-based private commercial real estate direct lender says the new fund is focused on the $500,000-$7,000,000 loan sector. The fund's groundbreaking structure will provide Business Loan Capital (BLC) continuous access to capital for the small business real estate market, and at the same time expand both their reach to non-SBA transactions and the property types on which they can provide financing.
“While the access to capital has increased, demand from credit worthy applicants continues to far outpace capital markets,” said president & CEO, Fred Mills. The Business Loan Capital Leverage Fund is sharply focused on infusing capital to the small business owner by lending solely on owner occupied commercial properties. “Our company is focused on utilizing this aggressive new fund to responsibly add millions in financing to this underserved segment of the commercial real estate market,” Mills added.
While BLC maintains a reputation as a trusted and proven lending source, its focus is to become the largest private owner occupied commercial real estate lender in the Nation. The implementation of this new capital demonstrates BLC's ability to adapt to and serve the market where it is needed most. BLC is on track to double its fundings year over year, further demonstrating that its strategy has been well received by the market.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
