BMC Capital Provides $5.46M Loan for Holiday Inn Express in Nacogdoches, TX

(PRLEAP.COM) -FOR IMMEDEATE RELEASE-

BMC Capital Provides $5.46M Loan for Holiday Inn Express in Nacogdoches, TX

July 21, 2006

Dallas, Texas — BMC Capital announced on Wednesday July 21, 2006, that it originated a $5.46 million loan for the purchase of the Holiday Inn Express, a 91-room business traveler hotel. The property is located at located at 3807 South Street in Nacogdoches, Texas, a city at the crossroad of numerous major highways and near the Louisiana border.

“Class A hotel properties on major interstate commuter routes are in high demand by business travelers,” says Leah Alberti, BMC Capital’s Phoenix-based vice president. “We provided the borrower with competitively priced financing at a generous 85% loan to value”. The Houston based borrower received a fixed rate loan with a 25-year amortization.

BMC Capital is the leading lender in this sector in the Texas market and anticipates originating at least 50 similar transactions in the region this year.

About BMC Capital, LP

BMC Capital, LP is one of the country’s leading providers of financing for limited service hotel and motel properties. Headquartered in Dallas, BMC Capital has offices around the country and finances real estate in all 50 States.

For more information on BMC Capital, contact:

Jonathan Morris
President
4514 Cole Ave, Suite 750
Dallas, TX 75205

(214)526-7178
jmorris@bmccapital.com
www.bmccapital.com

###

PR Leap is a service of Condesa, Inc. © 2009 All Rights Reserved. Use of our service is governed by our Privacy Policy and Terms of Service.
Issuers of news releases are solely responsible for the accuracy of their content. Copyright / IP Policy