BMC Capital Provides $3M Loan for Arizona Property
DALLAS, Texas -- BMC Capital announced it originated a $3 million loan for the acquisition of a USA Travel Center located in Kingman, Ariz. The property includes a gas station, a convenience store and a Subway restaurant.
"BMC Capital is equipped to provide SBA 7a and 504 loans, like we used in this case," said Leah Alberti, a vice president in BMC Capital's Phoenix office.
The Phoenix-based buyer received an 82 percent loan-to-value mortgage. "Because of the high leverage SBA financing, the buyer was only responsible for purchasing the building's inventory," says Alberti. BMC Capital provided a 25-year variable rate loan with a 25-year amortization. Suba Narla of All Fund Mortgage represented the buyer.
BMC Capital is a leading lender for owner/user loans across the nation and anticipates originating at least 100 such transactions in 2006.
"BMC Capital is equipped to provide SBA 7a and 504 loans, like we used in this case," said Leah Alberti, a vice president in BMC Capital's Phoenix office.
The Phoenix-based buyer received an 82 percent loan-to-value mortgage. "Because of the high leverage SBA financing, the buyer was only responsible for purchasing the building's inventory," says Alberti. BMC Capital provided a 25-year variable rate loan with a 25-year amortization. Suba Narla of All Fund Mortgage represented the buyer.
BMC Capital is a leading lender for owner/user loans across the nation and anticipates originating at least 100 such transactions in 2006.