BMC Capital Provides $7M Loan for a MultiTenant Retail Plaza in Marietta Ga.



hat it originated a $7 million loan for the cash out refinance of North 41 Plaza, a multi-tenant retail center at 119 North Cobb Parkway in Marietta, Ga., a northern suburb of Atlanta. The 137,901 sq. ft. five-unit property currently houses Office Depot, Northern Tool and Cobb Antique Mall as its three primary tenants.

Dallas, TX August 12, 2006 -- BMC Capital announced on Thursday, August 10, 2006, that it originated a $7 million loan for the cash out refinance of North 41 Plaza, a multi-tenant retail center at 119 North Cobb Parkway in Marietta, Ga., a northern suburb of Atlanta. The 137,901 sq. ft. five-unit property currently houses Office Depot, Northern Tool and Cobb Antique Mall as its three primary tenants.

's8221;We were able to secure a very aggressive rate for the borrower because of two reasons. One is the low LTV, and the other is the plaza's8217;s strong tenants such as Office Depot and Northern Tool,'s8221; says James Conley, a vice president in BMC Capital's8217;s Wilmington office. Through BMC, Conley was able to provide a 10-year fixed rate at 95 basis points over the 10-year Treasury with a 30-year amortization period.

BMC Capital is a leading originator of multi-tenant retail loans nationwide and anticipates providing at least 100 such transaction in 2006.

About BMC Capital, LP

BMC Capital, LP is the country's8217;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
www.bmccapital.com





BMC Capital Provides $7M Loan for a MultiTenant Retail Plaza in Marietta Ga.




Last 1000 Articles Submitted XML FEEDS FOR ORGANIZED NEWS