BMC Capital Provides $1.1M Loan for AAA Self Storage in North Little Rock, AR
August 25, 2007 (PRLEAP.COM) Business NewsDallas, Texas — BMC Capital announced on August 22, 2007, that it originated a $1,125,000 loan for the refinance of AAA Self Storage, a 340-unit single-tenant property located at 3400 Industrial Drive in North Little Rock, AR.
“We were able to arrange a 5-year fixed rate on a 75% loan-to-value with 30-year amortization,” says Glenn Gioseffi, a Vice President at BMC Capital’s Seattle office.
BMC Capital is a leading lender for small-balance single-tenant loans in the Southwest 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.