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Blair Capital Ventures (BCV) is a private money lender who acquires properties and lends to real estate investors by providing quick and low-cost capital on their investment properties. BCV was founded by a group of real estate investors, whose emphasis was on acquiring and improving distressed properties. So whether or not you are an experienced real estate investor – BCV’s team has the qualifications to exceed expectations and can assist in the expansion of your real estate portfolio.
We’re a private money lender that uses asset-based lending. Asset-based lending means that the decision making revolves more around the property and less about the borrower. BCV’s focus is centered around the question of whether the borrower’s acquisition is profitable for the borrower – We Lend wants to ensure that every borrowers acquisition is successful. Many believe that an asset-based lender holds the deed to the property; BCV records a mortgage on the property and the deed is vested in the borrower’s entity.
The idea behind a Subject To agreement is that the investor buys a property subject to the current financing rather than obtaining a new loan.
While Subject To investing isn’t without its risks (and what investment isn’t?), it is a perfectly legal practice. While this type of real estate investing seems questionable, it’s perfectly legal. People often confuse the Due On Sale Clause as the bank’s way of calling out an illegal action, but the idea of taking over a mortgage is a contractual issue, not a legal one.
While it’s possible, lenders very rarely call for a loan payoff as long as the monthly mortgage is getting paid on time. It costs a lender on average about $50,000 to foreclose on a property, so if the bank is receiving timely mortgage payments, it’s not likely to take action toward losing money
Yes, BCV lends only on investment properties. BCV does not finance owner-occupied properties.
All loans are for a period of 12 months unless the borrower (prior to funding) notifies BCV that 12 months is insufficient. Typically more time is needed when the construction is extensive, for example, there is a conversion taking place or an extension beingadded. If that is the case, BCV is ready to provide a 15-18 month terms at no additional cost. There are no prepayment penalties on our loans, which means that you can pay BCV as soon as 5 days and have no penalty added.
This rarely happens. But in the event it does, we are ready to extend the term for an additional fee.
BCV lends nationwide with the exception of 7 States. BCV does not lend in (1) Arizona,(2) Minnesota, (3) North Dakota, (4) Nevada,(5) South Dakota, (6) Vermont, and (7) WestVirginia.
