BMC Capital Provides $1.5M Loan for the Acquisition of Captain D’s Restaurant in Millington, TN
August 25, 2007 (PRLEAP.COM) Business NewsDallas, Texas ó BMC Capital announced on August 22, 2007, that it originated a $1,500,000 loan for the acquisition of Captain Dís Restaurant, a single-tenant retail property located at 8342 North Highway 51 in Millington, TN.
ďWe provided the borrower with a 30-year fixed rate on a 61% loan-to-value with a 30-year amortization through our BMC Direct program where we originate, close, and service the loan in-house,Ē says Colin Paterson, a loan officer at BMC Capitalís Sacramento office.
BMC Capital is a 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 countryís 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.