Apply Here For a Preferred Equity "Loan" (Investment) From Blackburne & Sons
You can think of a preferred equity investment "loan" like a second mortgage on a commercial property. It's not really a loan, but rather an equity investment, because if the property is not generating enough income, the property owner does NOT have to make the preferred equity payments.
Why don't we just make a garden variety second mortgage? Banks today will not allow a second mortgage behind their first mortgage; but they WILL allow a preferred equity investment. Banks used to allow second mortgages on commercial property, but not anymore. It is critical that you understand this crumby new reality.
Preferred equity from Blackburne & Sons can rescue your commercial real estate deal in many ways.
- Preferred Equity Can Save Your Purchases. Are you trying to buy commercial investment real estate with just a 25% down payment? Good luck. The bank may ask you to put 40% down. We'll make up the difference;
- Got a Balloon Payment That is Too Large to Refinance? The balloon payment on your office building is $2 million, but the bank will only refinance $1.6 million. Preferred equity may be able to close the gap;
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Need to Buy Out an Impossible Partner? Preferred equity may be able to provide the cash you need.
To apply for a preferred equity "loan" from Blackburne & Sons (the sister company of C-Loans, Inc.), simply complete the short application to your right or call Angela Vannucci at 916-338-3232.