BMC CAPITAL ARRANGES $2.3M REFINANCING LOAN FOR EDNA HOTEL
EDNA, TEXAS — BMC Capital has arranged a $2.3 million cash-out refinance loan for the 43-unit Best Western Inn in Edna, approximately 25 miles east of Victoria on the Gulf Coast. The property, which features complimentary breakfast, high-speed internet and a swimming pool, is in close proximity to Lake Texana, as well as the facilities of Formosa Plastic Corp. The two-year loan includes a fixed rate of 8 percent and a 25-year amortization schedule. James Tennial of BMC arranged the terms through one of the firm’s correspondent lenders.