BMC Capital Provides $1.9M Loan for the Acquisition of Logan’s Roadhouse in Sterling, VA

(PRLEAP.COM) Dallas, Texas — BMC Capital announced on May 24, 2007, that it closed a $1,967,000 loan for the acquisition of Logan’s Roadhouse restaurant, a single-tenant retail property located on McClellan Way in Sterling, VA.

Mason Whitehead, a loan officer at BMC Capital’s Dallas headquarters closed a 30-year fixed rate with a 30-year amortization through BMC Capital’s Direct program. “The challenge with this transaction was meeting the rushed 1031 deadline. Not only did we accommodate that while other lenders couldn’t, BMC Direct also approved a lease with substitution and termination options. The financing marked the buyer’s first commercial transaction with 70% LTV and was closed in less than 30 days from loan registration.”

BMC Capital is a leading lender for small-balance single-tenant commercial loans nationwide and anticipates originating at least 150 such transactions in 2007.

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, with funding capabilities up to $100 million per loan transaction. Headquartered in Dallas, BMC Capital has offices around the country and finances real estate in all 50 states.

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