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Blackhawk Capital inks LOI with private equity group

Blackhawk Capital Group BDC and a private equity group have reached a non-binding letter of intent to invest $153.9m of assets into Blackhawk, which is subject to the execution of a definitive agreement for the transaction.

The non-binding agreement does not assure that the parties will enter into a definitive agreement, will contain favorable terms to Blackhawk and it stockholders if such definitive agreement is entered and any transaction will close.

New York -based Blackhawk Capital Group BDC, a business development company founded in 2004, serves as a lead underwriter of both commercial and residential real estate backed transactions.

The company is also an innovative online commercial lending platform with focus on commercial mortgage loans under $50m, and provides a low cost, single source solution for both acquisitions and lending.