BMC Capital Provides $1.9M Loan for the Acquisition of Fire Mountain Restaurant in New Braunfels, TX
June 14, 2007 (PRLEAP.COM) Business NewsDallas, Texas — BMC Capital announced on June 12, 2007, that it originated a $1,994,197 loan for the acquisition of Fire Mountain Restaurant, a single tenant retail property located on North Business IH in New Braunfels, TX.
“This was one of the three loans we funded for our client,” says Colin Paterson, a loan officer at BMC Capital’s Sacramento office. “Through our in-house BMC Direct program we provided a 5-year fixed rate on a 65% loan-to-value mortgage and a 30-year amortization.
BMC Capital is a leading lender for small-balance 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.