BMC Capital Provides $1.6M Loan for the Acquisition of Golden Corral Restaurant in Grand Forks, ND
August 25, 2007 (PRLEAP.COM) Business NewsDallas, Texas — BMC Capital announced on August 22, 2007, that it originated a $1,639,000 loan for the acquisition of Golden Corral, a single-tenant retail property located at 3251 32nd Avenue South in Grand Forks, ND.
“We arranged a 30-year fixed, fully amortized loan through our BMC Direct program where we originate, close, and service the loan in-house,” 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.