ReleaseWire

BMC Capital announced on Wednesday August 9, 2006, that it originated a $3.6 million loan for the purchase of a 67-room Holiday Inn Express hotel. The property is located at 1550 N. Lincoln Avenue in Liberal, Kan., a city north of the Okla. pan handle border and at the junction of US 53 and US 83.

BMC Capital announced on Tuesday August 8, 2006, that it originated a $1.24 million loan for the purchase of West Little York Business Center, a 13,312 sq. ft. retail center located at 17904 W. Little York Road in Houston, Texas.

BMC Capital announced on Tuesday August 8, 2006, that it originated a $1.45 million loan for the purchase of Spanish Trace Apartments, a 73-unit multifamily property on 3.65 acres at 3001 N.E. Second Street in Mineral Wells, Texas, a city 50 miles west of Ft. Worth.

BMC Capital announced on Tuesday August 8, 2006, that it originated a $625,000 loan for the acquisition of a building housing a Jiffy Lube at 1900 FM 1960 Bypass Road East in Humble, Texas, a northern suburb of Houston.

BMC Capital announced on Monday August 7, 2006, that it originated a $6.75 million loan for the acquisition of Cedars of San Marcos. The property is a 168-unit apartment complex at 1101 Leah Avenue in San Marcos, Texas, a city on US Highway 81 and between San Antonio and Austin.

BMC Capital announced on Monday August 7, 2006, that it originated a $2.1 million loan for the purchase of an 11,180 sq. ft. Rite Aid at 5032 Cedar Street in Lansing, Mich. The property is a triple net least building on a long term lease to Rite Aid.

BMC Capital announced on Thursday August 3, 2006, that it originated a pair of loans totaling $1.6 million for the purchase of two retail buildings with Dollar General as a tenant in each. One of the stores is located on 6850 Main Street in Caseville, Mich., a city north of Detroit on the east coast of Saginaw Bay. The other is on 57 North Caseville Road in Pigeon, Mich., which is just south of Caseville.

BMC Capital announced on Thursday August 3, 2006, that it originated a $1.45 million loan for the purchase of a 10,000 sq. ft. Rite Aid at 131 Wilton Road in Farmington, Maine, a city in the south west area of the state.

BMC Capital announced on Tuesday August 1, 2006, that it originated a $1 million loan for the purchase Holly Manor, a 40-unit apartment complex at 4022 Montego Drive in Corpus Christi, Texas, a city south of San Antonio and on the Gulf Coast.

BMC Capital announced on Thursday July 27, 2006, that it originated a $740,000 refinance loan for El Dorado, a 28-unit apartment complex on 2108 S. Solano Drive in Las Cruces, New Mexico, a city north of the Texas border near El Paso.

BMC Capital announced that it originated a $2.2 million loan for the purchase of the Skyway Tech Center, a four-unit office building with 32,576 rentable sq. ft. on 2 acres. The property is located at 3130-36 Skyway Circle South in Irving, Texas.

BMC Capital announced on Thursday July 27, 2006, that it originated a $520,000 loan for the purchase of the Alexsi Apartments, a 13-unit multi-family property located at 2930 N. 38th Street in Phoenix, Ariz.

BMC Capital announced on Tuesday July 25, 2006, that it originated a $2.5 million dollar loan for a cash-out refinance of the Shannon Ridge Apartments, a 112-unit multifamily property located at 5141 Shenandoah Avenue in Jacksonville, Fla.

BMC Capital announced on Wednesday July 19, 2006, that it originated a $370,000 loan for the purchase of the Switzer Apartments, an 18-unit property located at 1726 Switzer Street in Houston, Texas.

BMC Capital announced on Wednesday July 19, 2006, that it originated a $7 million loan for the purchase of the Lincoln Plaza Office Park, a multi-tenant office property sitting on 12.18 acres and located at 4545 N. Lincoln Boulevard in Oklahoma City, Okla.

BMC Capital announced on Wednesday July 19, 2006, that it originated a $5.46 million loan for the purchase of the Holiday Inn Express, a 91-room business traveler hotel.

BMC Capital, announced on Monday July 17, 2006, that it originated a $1.55 million loan for the purchase of the Crossroads II shopping center, a multi-tenant retail property with 28,453 rentable sq. ft. located at 902 W. Dallas Street in Conroe, Texas, which is 40 miles from Houston and 5 miles from The Woodlands, Texas. Tenants of the property include Pittsburgh Paints and many local retailers.

BMC Capital announced Monday, July 17, 2006, that it originated a $2,800,000 loan for the purchase of DeVry University Center, a 17,515 sq. ft. single-tenant property located at 1175 Kelly Johnson Boulevard in Colorado Springs, Colo.

BMC Capital announced on Thursday, June 29, 2006, that it originated a bond financing package totaling over $30 million for the purchase of 17 Chili’s restaurant buildings throughout the western United States.

BMC Capital announced that on Friday, June 30, 2006 it originated a $1,700,000 loan for the purchase of Carter East Apartments, a 64-unit complex with almost 48,640 rentable sq. ft. that sits on 3.7 acres, located at 530-534 Degler in Defiance, Ohio, a city in the western part of the state. The loan represents 85% of the purchase price and has a 10 year fixed rate in the mid 7% range with a 30 year amortization.

BMC Capital announced on Friday, June 30, 2006, that it originated two loans totaling $2,680,000 for the refinance and purchase of two apartment complexes in the Toledo area. Eastgate Apartments, a 44-unit complex with over 24,000 rentable sq. ft. that sits on 1.29 acres, is in Toledo proper. Hidden Valley Apartments, a 72-unit complex with almost 44,000 rentable sq. ft. that sits on 5.07 acres, is in Holland, a suburb of Toledo. Both properties were financed with rates in the mid 6% range with 80% LTV, a 10-year fixed rate and 30-year amortization.

BMC Capital announced on Thursday July 6, 2006, that it originated a $600,000 loan for the purchase of Princeton Place Retail Shopping Center, a multi-tenant retail center with self-storage units on-site, in Princeton, Texas. This 9,342 sq. ft. shopping center and 4,000 sq. ft. storage facility is one of the few of its kind in this northern Texas community and was financed at 75% LTC.

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 child care facilities in this Grand Rapids suburb.

Leah Alberti joined BMC Capital’s Phoenix office on Monday June 26, 2006, as a Vice President of loan origination. Alberti specializes in financing hotel and gas station real estate property and has had a successful 15-year tenure in the sector. In that time she has built a sizable client base and has earned numerous commendations for her excellent service. Alberti is considered one of the top five nationwide originators in small balance hotel lending.