BMC Capital Provides $775,000 Loan for an Advanced Auto Building in Alton, Texas
(PRLEAP.COM) Dallas, Texas — BMC Capital that it originated a $775,000 loan for the purchase of a 7,000 sq. ft. building housing an Advanced Auto retail location in Alton, Texas, a city in the southeast corner of the state near the Mexican border.Shawn Givens, a loan officer at BMC Capital’s Dallas headquarters, originated the 55% LTV recourse loan, which features a 10-year fixed-rate term with a 30-year amortization. The Kam Group from Marcus and Millichap represented the seller.
BMC Capital is a leading lender of single-tenant retail loans nationally and anticipates originating at least 150 such transactions in 2006.
About BMC Capital, LP
BMC Capital, LP is the country’s leading specialist in providing multi-family, retail, commercial, and SBA 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
4514 Cole Ave, Suite 750
Dallas, TX 75205
(214)526-7178
jmorris@bmccapital.com
www.bmccapital.com
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