BMC Capital Provides $5.9M Loan for a Multi-Tenant Shopping Center in Decatur, Ga.
July 27, 2006 (PRLEAP.COM) Business News
Dallas, Texas — BMC Capital announced on that it originated a $5.9 million dollar loan for the purchase of the Scott Village Shopping Center, a 78,205 sq. foot multi-tenant retail center at 1701 Church Street in Decatur, Ga., a suburb of Atlanta. The shopping center’s three main tenants are Enterprise Leasing, Mattress King and Raja Foods.“The property is on a major traffic artery near Highway 78, which makes it very attractive,” says James Conley, BMC Capital’s Wilmington-based vice president. “We were able to provide a competitive 10-year fixed rate of 6.50% with a 30-year amortization period,” says Conley. Justin Dinerman of Ben F. Kushner Company represented both the seller and the Chicago-based buyer.
BMC Capital is a leading originator of loans in the Southeast and expects to originate at least 50 similar transactions in the region this year.
About BMC Capital, LP
BMC Capital, LP is the country’s leading specialist in providing multi-family, retail, commercial, and SBA mortgage loans in the $500,000 to $5 million range. Headquartered in Dallas, BMC Capital has offices around the country and finances real estate in all 50 States.
For more information on BMC Capital, contact:
Jonathan Morris
President
4514 Cole Ave, Suite 750
Dallas, TX 75205
(214)526-7178
jmorris@bmccapital.com
www.bmccapital.com
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