PMC Commercial Trust
PMC Commercial Trust likes lending to little businesses. The real estate investment trust (REIT) makes small business loans, primarily to limited-service hotel franchisees. The loans, ranging from $100,000 to $4 million, are secured by first liens on real estate and written for hotel owner/operators of national franchises such as Comfort Inn and Holiday Inn Express. PMC Commercial Trust also lends to owners of convenience stores, restaurants, and other small businesses. About 20% of its loan portfolio is concentrated in Texas. Subsidiaries are active in Small Business Administration (SBA) lending and in investing (as small business investment companies, or SBICs). The company was founded in 1993.
Contact Details
Office Address
PMC Commercial Trust
17950 Preston Road, Suite 600
Dallas, Texas, USA 75252
Phone: (972) 349-3200
Fax: (972) 349-3265
Executives
President, CEO, and Secretary
Lance B. Rosemore
EVP, COO, Chief Investment Officer, and Treasurer
Jan F. Salit