Dallas, Texas — BMC Capital announced on Oct 3, 2008, that it originated a $796,000 loan for the acquisition of Solaris Grille Restaurant located at 2665 Skippack Pike in Worcester, PA
“Getting any loan closed in today's market is difficult, even more so when it is a start-up restaurant. The borrower is an experienced restaurateur, and BMC Capital was able to provide a 90% LTV and a 25-year amortization,” says Jim Vigna, a Vice President at BMC Capital’s New Jersey office.
BMC Capital is the leading lender for small-balance single tenant commercial loans nationwide and anticipates originating at least 150 such transactions in 2008.
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.
Jonathan Morris
BMC Capital, LP
214-526-7178
http://www.bmccapital.com