BMC Capital Finances Portfolio of Four Hardee’s Restaurants
June 21, 2007 (PRLEAP.COM) Business News
BMC Capital announced on June 11, 2007, that it originated a $3.35 million loan for the acquisition of four Hardee’s Restaurant The properties are located in Decatur and Florence, AL, Fayetteville, TN, and Springfield, IL. “The California investor required high leverage to complement their 1031 exchange and we were able to provide a 30-year fixed, fully amortized loan with a 73% loan-to-value,” says Randy Key, a loan officer at BMC Capital’s Dallas headquarters.
BMC Capital is a leading lender for small-balance 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.