BMC Capital Provides $2.3M Loan for the Acquisition of Ruth Chris Restaurant in Tampa, FL

Dallas, Texas — BMC Capital announced on October 15, 2008, that it originated a $2,375,000 loan for the purchase of Ruth Chris Restaurant in Tampa, FL

2008-10-15, BMC Capital

Posted by bmccapital 38 days ago (1)
Category: Real Estate | Tags: bmc capital mortgage commercial loans

October 15, 2008

Dallas, Texas — BMC Capital announced on October 15, 2008, that it originated a $2,375,000 loan for the purchase of Ruth Chris Restaurant in Tampa, FL

“We were able to obtain non-recourse financing on a NNN restaurant with very aggressive terms, a phenomenal success that is very difficult to achieve in today's market. The loan also features a 7-year fixed rate and 25-year amortization,” says Shawn Givens, a loan officer at BMC Capital’s Dallas headquarters.

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