--- title: Commercial Loans and Fun Blog | REO Loans and Lines-Of-Credit description: REO Loans and Lines-Of-Credit | George Blackburne, owner, offers insight into the commercial loans and mortgage industry in this Commercial Real Estate Loan Tips blog. --- [![c-loans-logo-2025](https://info.c-loans.com/hs-fs/hubfs/images/c-loans-logo-2025.png?width=183&height=86&name=c-loans-logo-2025.png)](https://c-loans.com) [Terms of Use](https://www.c-loans.com/terms-of-use) | [Disclaimer](https://www.c-loans.com/disclaimer) | [Blog](https://info.c-loans.com/) # Commercial Loans and Fun Blog ## [Foreclosure Loans, REO Loans, and Lines of Credit to Buy REO's](https://info.c-loans.com/bid/50345/foreclosure-loans-reo-loans-and-lines-of-credit-to-buy-reo-s) Posted by [George Blackburne](https://info.c-loans.com/author/george-blackburne) on Sun, Feb 20, 2011 - [Tweet](https://twitter.com/share) If you are trying to buy a foreclosed property in California or a portfolio of REO properties in California, [Blackburne & Sons](http://www.blackburneandsons.com) is very interested in financing your purchase.![Foreclosed house](https://info.c-loans.com/hs-fs/file-13893735-jpg/images/foreclosed_house.jpg) If you are buying a single foreclosed property or an REO in California, you may  qualify for a bridge loan of up to 60% of the actual purchase price.  The rate is typically 8.9%, and the loan fee is 3.5 points, for a one-year fix-and-flip loan.  The maximum loan is $10 million, and these bridge loans have no prepayment penalty.  We're sorry, but this program is ONLY available in California.  For more details on our California fix-and-flip loans, please email me, George Blackburne III, the founder and president, at [george@blackburne.com](mailto:george@blackburne.com).  In the subject line of the email, please insert REO Loan Request, and please be sure to include your phone number and a brief description of your deal. If you are buying a portfolio of foreclosed properties or REO's, our **California line-of-credit program** is very useful.  You can use it to buy several REO's at a time, and as the properties sell off, you can re-use the line-of-credit to purchase more.  The pricing is typically the same.  We're sorry, but this line-of-credit program is only available in California.  Please take careful note - ONLY IN CALIFORNIA.  We don't even know of another lender offering a similar line-of-credit program outside of California, so there is no point in applying. For more details on our line-of-credit program for the purchase of California REO's, please email me, George Blackburne III, the founder and president, at [george@blackburne.com](mailto:george@blackburne.com).  In the subject line of the email, please insert Line of Credit To Purchase REO's.  Please be sure to include your phone number and a brief description of your deal. [![Free List of 3,159 Commercial Lenders Sort By Your Own Criteria](https://no-cache.hubspot.com/cta/default/37671/edc33fe8-9d87-477b-bf2f-07a33d3d2d24.png)](https://cta-redirect.hubspot.com/cta/redirect/37671/edc33fe8-9d87-477b-bf2f-07a33d3d2d24) | Are you an accredited investor?  Where are you investing your IRA?  Our first [trust deed investments](http://www.blackburne.com/invest) are yielding as high as 11% to 13%.  Blackburne & Sons was founded over 30 years ago. | | --- | | Is your commercial loan bankable?  You can submit your commercial loan application to 750 different commercial lenders in just four minutes using [C-Loans.com](http://www.c-loans.com).  And C-Loans is ***free!*** | | --- | | Download a free list of [commercial lenders](http://www.commerciallenders.com) for your state at [CommercialLenders.com](http://www.commerciallenders.com).  | | --- | [![describe the image](https://info.c-loans.com/hs-fs/file-13894414-gif/images/whitepaper_image.gif)](https://info.c-loans.com/how-can-you-find-the-cheapest-commercial-lender-for-your-deal/) 0 Comments [Click here to read/write comments](https://info.c-loans.com/bid/50345/foreclosure-loans-reo-loans-and-lines-of-credit-to-buy-reo-s#comments-listing) Topics: [REO Loans and Lines-Of-Credit](https://info.c-loans.com/topic/reo-loans-and-lines-of-credit) [All posts](https://info.c-loans.com/all) ### George Blackburne III Owner of C-Loans, Inc. ![George Blackburne III C-Loans Owner](https://info.c-loans.com/hs-fs/hubfs/George%20Head%20Shot%20Small%205%20by%207%20copy.jpg?width=158&name=George%20Head%20Shot%20Small%205%20by%207%20copy.jpg) ### Subscribe via E-mail ### Connect with C-Loans ## [![Get the Latest Scoop on C-Loans Inc.](https://no-cache.hubspot.com/cta/default/37671/bacfb58b-143e-40d7-b126-33c182b5b90b.png)](https://cta-redirect.hubspot.com/cta/redirect/37671/bacfb58b-143e-40d7-b126-33c182b5b90b) C-Loans.com® is sponsored by  C-Loans, Inc. — For more information, contact Tom Blackburne 555 University Ave., Suite 150, Sacramento, CA 95825 Telephone: (916) 338-3232 x 317 * Tom Blackburne in Indiana: (574) 210-6686 * Fax: (916) 338-2328 Real Estate Broker -- California Department of Real Estate -- License Number 01330173 Arizona Dept. of Financial Institutions – License Number 0909472 The Florida Mortgage Brokers License Number: 0708758 [Read our many client Success Stories](https://c-loans.com/mortgage-brokers-overview/success-stories/) » © 2025 C-Loans, Inc. 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