BMC Capital Provides $1.45M Loan for a Rite Aid in Steubenville, Ohio

(PRLEAP.COM) Dallas, Texas — BMC Capital announced on Monday, November 6, 2006, that it originated a $1.45 million loan for the acquisition of an 11,325 sq. foot building housing a Rite Aid pharmacy at 138 North Fifth Street, Steubenville, Ohio.

James Conley, a vice president in BMC Capital’s Wilmington office, originated the 69% loan-to-value mortgage with a 10-year fixed rate for a Calif. borrower. The loan also features a 30-year amortization. Tony Hsu from ReMax Elite Realty represented the borrower. Brad Nathanson from Marcus and Millichap represented the seller.

BMC Capital is a leading lender for small-balance single-tenant loans nationwide and anticipates originating at least 150 such transactions in 2006.

About BMC Capital, LP

BMC Capital, LP is the country’s leading specialist for providing multifamily, commercial, owner/user and hospitality mortgage loans in the $500,000 to $5 million range. 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
3100 Monticello Avenue, Suite 400
Dallas, TX 75205

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

James Conley
Vice President
1201 Orange Street, Suite 785
Wilmington, DE 19801

(302) 651-9500
jconley@bmccapital.com
www.bmccapital.com


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