HOUSTON, TX, March 12, 2010
/24-7PressRelease/ -- Richland Commercial Mortgage has secured the arrangement of a 3 year, $1.5 million dollar real estate land loan for Grassmere Business Center located at 652 Grassmere Park Road in Nashville, Tennessee. Angie Steadman, President of Richland Commercial Mortgage and based in Houston, Texas, obtained the loan with a local Nashville bank for the 3.5 acre property, which is the only remaining piece of land in the Grassmere Business Park. The property is fully leased to T-Mobile.
Richland Commercial Mortgage offers a variety of commercial lending options for Richland properties as well as third party properties. In the last two years, Richland Commercial Mortgage has closed in excess of $111 million in loans.
About The Richland Companies
Recently named #19 in Houston Business Journal's largest Houston Commercial Real Estate Property Owners, The Richland Companies is a privately owned real estate investment, management, brokerage, leasing, mortgage, and tenant representation firm that specializes in the acquisition and management of commercial real estate properties. The Richland Companies' portfolio includes 30 properties in four states throughout the Southwestern United States, representing almost 2 million square feet of commercially owned retail, industrial, office, office-warehouse, and office flex space, with assets valued in excess of $250 million dollars. Headquartered in Houston, Texas with offices in Dallas and San Antonio, The Richland Companies is comprised of Richland Investments, Richland Asset and Property Management, Richland Properties, Richland Land Development, Richland Leasing Services, Richland Brokerage, Richland Tenant Representation, and Richland Commercial Mortgage. For additional information on The Richland Companies, please visit http://www.richlandpremier.com.
Contact: Brittany Zucker, G.W. Armstrong & Associates, (713) 787-0401, brittanyzucker@aol.com
About G. W. Armstrong & Associates
G. W. Armstrong & Associates Public Relations and Advertising is a full service public relations and marketing agency. The firm has offices in Dallas, Houston, Austin, and New York.
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