BMC Capital Provides $1.7M Loan for the Acquisition of Fire Mountain Restaurant in Lawton, OK
June 14, 2007 (PRLEAP.COM) Business NewsDallas, Texas — BMC Capital announced on June 14, 2007, that it originated a $1,787,838 loan for the acquisition of Fire Mountain Restaurant, a single-tenant retail property located on NW Cache Road in Lawton, OK.
“This is one of the three deals we closed for our client. The financing was provided through BMC Direct where we originate, close and service the loan in-house,” says Colin Paterson, a Loan Officer at BMC Capital’s Sacramento office. “It also featured a 5-year fixed rate on a 65% loan-to-vale 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.