BMC Capital announced on Tuesday, September 12, 2006, that it originated a $500,000 loan for the purchase of a building housing a Dollar General.
Dallas, TX -- (ReleaseWire) -- 09/14/2006 --BMC Capital announced on Tuesday, September 12, 2006, that it originated a $500,000 loan for the purchase of a building housing a Dollar General at 3830 Main Street in Groves, Texas, a city 100 miles east of Houston on the Texas border.
Shawn Givens, a loan officer at BMC Capital’s Dallas office, originated the 71% loan to value mortgage, which features a seven-year fixed rate and a 30-year amortization. Larry Wain of Panorex Commercial represented the California-based borrower.
BMC Capital is a leading lender of small-balance retail loans in Texas and anticipates originating at least 50 such transactions in 2006.
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.