FM Capital purchases debt on 130,000 square foot business center in Memphis
Feb 21, 2018
FM Capital recently purchased the first lien mortgage on Perimeter Pointe Business Center in Memphis, Tennessee. The loan has an unpaid balance of approximately 5M and was in default at the time of purchase. The property is an eight building flex business center. The campus contains various units ranging from 1,200 square-feet to 25,000 square-feet. The property is conveniently located near a number of major thoroughfares that offer access to surrounding points of interest including downtown Memphis and Memphis International Airport.