BMC Capital Provides $1M Loan for the Acquisition of Family Dollar in Pensacola, FL
June 20, 2007 (PRLEAP.COM) Business NewsDallas, Texas — BMC Capital announced on June 14, 2007, that it originated a $1,005,500 loan for the acquisition of Family Dollar, a single-tenant retail property located at 1110 Gulf Beach Highway in Pensacola, FL.
“We were able to finance a 7-year fixed rate on a 69% loan-to-value with a 30-year amortization for this brand new Family Dollar Store,” says Colin Paterson, a Loan Officer at BMC Capital’s Sacramento office.
BMC Capital is the 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.