BMC Capital Provides $1.5M Loan for Holiday Inn in Crawfordsville, IN

Dallas, Texas — BMC Capital announced on April 16, 2008, that it originated a $1,500,000 loan for the refinance of Holiday Inn, a hotel property located at 2500 Lafayette Road in Crawfordsville, IN.

2008-04-18, BMC Capital

Posted by bmccapital 216 days ago (1)
Category: Real Estate | Tags: hospitality loans commercial bmc

April 16, 2008

Dallas, Texas — BMC Capital announced on April 16, 2008, that it originated a $1,500,000 loan for the refinance of Holiday Inn, a hotel property located at 2500 Lafayette Road in Crawfordsville, IN.

“This was a cash-out refinancing for an exterior corridor flagged hotel. The loan featured a 5-year fixed rate and a 25-year amortization,” says Jim Vigna, a Vice President at BMC Capital’s New Jersey office.

BMC Capital is the leading lender for small-balance hospitality loans nationwide and anticipates originating at least 150 such transactions in 2008.

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.