BMC Capital Provides $634,500 Loan for the Acquisition of Taco Bell-KFC in North Manchester, IN
October 10, 2007 (PRLEAP.COM) Business NewsBMC Capital announced on October 5, 2007, that it originated a $634,500 loan for the acquisition of Taco Bell - KFC, a single-tenant retail property located at 1325 Highway 114 West in North Manchester, IN.
Colin Paterson, a loan officer at BMC Capital’s Sacramento office, was able to provide the borrower with a 25-year fixed, fully amortized loan. “The financing was provided through BMC’s Direct program where we originate, close, and service the loans in-house,” says Paterson.
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.