BMC Capital Provides 85% LTV for $1.7M Loan for Apartment Complex in Defiance, Ohio
BMC Capital announced that on Friday, June 30, 2006 it originated a $1,700,000 loan for the purchase of Carter East Apartments, a 64-unit complex with almost 48,640 rentable sq. ft. that sits on 3.7 acres, located at 530-534 Degler in Defiance, Ohio, a city in the western part of the state. The loan represents 85% of the purchase price and has a 10 year fixed rate in the mid 7% range with a 30 year amortization.
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