BMC Capital Provides $1.9M Loan for the Acquisition of 114 Kimball Square Retail Center in South Lake, TX
October 10, 2007 (PRLEAP.COM) Business NewsBMC Capital announced on October 8, 2007, that it originated a $1,980,000 loan for the acquisition of 114 Kimball Square, a multi-tenant retail property located at 2370 East State Highway 114 in Southlake, TX.
“This was the first Texas property for the Hawaii borrower, and BMC Capital was able to provide a 10-year fixed rate on an 80% loan-to-value with a 30-year amortization,” says Mason Whitehead, a loan officer at BMC Capital’s Dallas headquarters.
BMC Capital is a leading lender for small-balance multi-tenant commercial loans in the Southwest 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.