BMC Capital Provides $1.29M for Purchase of Appletree Learning Center Building in Lowell, Mich.
BMC Capital announced on Tuesday, June 27, 2006, that it funded a $1,290,000 loan for the purchase of the building housing Appletree Learning Center located at 11770 Fulton Street SE, Lowell, Mich. The property was financed at a rate below 7%, with a 10 year fixed rate and a 30-year amortization. There were no reserves collected by the lender. The 10,569 sq. ft. property sits on a 1.96 acre lot and serves as one of the fewer than half-dozen listed...
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