ReleaseWire

BMC Capital announced today that it provided $3,395,000 in mortgage financing for the refinance of the 129 unit Lewiston Apartments located at 5507 Lewis Avenue in Toledo, Ohio. In April of 2004, the owner purchased the multi-family property. After stabilizing it and increasing the property value, the owner refinanced using a cash-out refinance mortgage. The loan had 78.5% loan-to-value and interest rate in the six percent range. BMC Capital originates hundreds of loans each year and plans on funding many Ohio properties in 2006.

BMC Capital announced today that it provided $3,150,000 in mortgage financing for the purchase of the 72-unit Williams Landing Apartments located at 15266 South Power Road in Higley, Arizona. The town of Higley is a rapidly growing area in the southeast section of metro Phoenix’s East Valley. The property is located near the soon to open Loop Highway 202, also known as the San Tan Freeway. BMC Capital’s Mike Callis arranged for a 79% loan-to-value mortgage with a five-year fixed rate and a 30-year amortization.

Experienced investors, as well as raw beginners, will benefit from using new real estate software, known as the Contract Wizard. It asks a series of simple questions about what the Buyer or Seller wants to accomplish and then uses the answers to create a customized sample Purchase or Sales contract guaranteed to produce a profit. Users can also submit their best deals using the Contract Wizard and compete for cash prizes expected to exceed $100,000

BMC Capital announced today that it provided $1,200,000 in mortgage financing for the acquisition of Loggins Court Apartments. This 50 unit multi-family property is located at 710 Loggins Drive in West Columbia, Texas and was purchased using the proceeds from a 1031 exchange. BMC Capital is one of the leading originators of multi-family loans in Texas and funds more than one hundred loans in the state annually.

BMC Capital announced today that it provided $1,660,000 in mortgage financing for the purchase of the Holiday Lodge Hotel. The hotel has 160 rooms and is located at 215 East Airport Freeway in Irving, Texas, a suburb of Dallas. BMC Capital’s, Michael Johnson, comments, “we were on a tight deadline and were able to close the loan in less than a month. This is very unusual for hotel and motel loans.” BMC Capital is a leading player in the full service and limited service hospitality sector.

BMC Capital announced today that it provided $1,545,000 in mortgage financing for the purchase of 96 units at Victoria Condominiums located at 12600 South Gessner Drive in Houston, Texas. Keith Van Arsdale, BMC Capital Houston, comments, “This loan was challenging as the client was purchasing 96 of 148 units (fractured condo). We provided a low fixed rate loan with minimal pre-pay penalties. Also, the structure allows the client to sell off the units individually as condos if he chooses to do so.” BMC Capital is one of the leading originators of multi-family loans in Texas and funds more than one hundred loans in the state annually.

Exciting opportunities emerge to purchase from a range of new properties now available on the expanding Bulgarian Property Market providing excellent return on investment

BMC Capital announced today that it provided $648,000 in mortgage financing for the purchase of the 30 unit Ken Mar Apartments located at 910 Main Street in Pasadena, Texas. BMC Capital’s Houston office secured the financing with an 80% Loan-to-Value and an interest rate in the mid 6% range. BMC Capital is one of the leading originators of multi-family loans and commercial loans in Texas and funds more than one hundred loans in the state annually.

BMC Capital announced today that it provided $1,450,000 in mortgage financing for the purchase of Continental Plaza located at 801 North Industrial Boulevard in Dallas, Texas. The Continental Plaza was built in 2005 and has 8,100 square feet of rentable space. Several regional retail chains including Diamond Shamrock are housed in the building. BMC Capital’s Keith Van Arsdale arranged the acquisition loan to have a fixed interest rate in the mid 6% range with a 30 year amortization. BMC Capital is one of the leading originators of retail property loans in Texas and funds more than one hundred loans in the state annually.

BMC Capital announced today that it provided $1,463,000 in mortgage financing for the purchase of the Park & Sell America building, a previously-owned motor vehicle dealership. The 110,000 sq. foot property is located at 900 East Dowling Road in Anchorage, Alaska. BMC Capital is an active lender in the Alaska market and anticipates funding more than 100 transactions in the state this year.

BMC Capital announced today that it provided $1,379,000 in mortgage financing for the purchase of the building housing the Mexican restaurant Don Pablo’s. The 7,700 sq. foot building is located off Highway 589 at 6601 Waters Avenue in Tampa, Florida. BMC Capital is one of the leading providers of financing for the single-tenant restaurant sector.

BMC Capital announced today that it provided $780,000 in mortgage financing for the building housing the seafood restaurant Captain D’s located at 2280 Madison Street in Clarksville, Tennessee. The 2,300 sq. foot space sits on a 1.8 acre lot on the southwest corner of Highway 112 and Highway 76. BMC Capital is one of the leading providers of financing for the single-tenant restaurant sector.

Ridgefield Commons of Sussex offers exceptional value in spacious two- and three-bedroom townhomes for as little as $289,900 on selected locations. Homes are available for immediate occupancy or future delivery at low pre-construction prices.

BMC Capital announced today that it provided $1,892,000 in mortgage financing for the purchase of the 64 unit Belfort Park Apartments located at 4135 West Belfort Street in Houston, TX. BMC Capital arranged the acquisition loan with an 84% Loan-to-Value and a fixed interest rate of less than 6%. BMC Capital is one of the leading originators of multi-family loans in Texas and funds more than one hundred loans in the state annually.

BMC Capital announced today that it provided $1,536,000 in mortgage financing for the purchase of a 3,500 sq. foot Phillips 66 gas station. The single-tenant property is located at 11366 South Redwood Road in South Jordan, Utah, a suburb of Salt Lake City. BMC Capital is one of the leading providers of financing for the single tenant convenience store and gas station sector.

Homebuyers who dream of living in a scenic, rural setting are responding to the luxurious single-family homes on sites of up to ½ acre at The Linden Estates, the new Kirk Homes community on the West Side of Aurora.

BMC Capital announced today that it provided $847,000 in mortgage financing for the purchase of a 3,500 sq. foot Phillips 66 gas station. The single-tenant property is located at 2666 West 7800 South in West Jordan, Utah, a suburb of Salt Lake City. BMC Capital is one of the leading providers of financing for the single tenant convenience store and gas station sector.

BMC Capital announced that it provided $1,950,000 in mortgage financing for the purchase of the building housing the Italian restaurant Johnny Carino’s located at 1733 North Dysart Road in Avondale, Arizona, a suburb west of Phoenix. The building was located on a 1.5 acre lot and is 6,800 sq. feet. BMC Capital is one of the leading providers of financing for the single tenant restaurant sector.

BMC Capital announced today that it provided $560,000 in mortgage financing for the purchase of the 111 East 7th Avenue office building located in Anchorage.

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Malta has seen her property prices rise by more than any other EU country, and there’s no sign of a slow down for the years ahead.

An innovative man in Green Bay, WI has put together a simple website (2039RockBottom) featuring his house for sale in the Suamico (Northwest) section of Green Bay, Wisconsin.

Bobhop.com allows both landlord and potential tenants to list or search rental properties for free.

Duxbury Ma real estate company, Century 21 Abigail Adams has recently hired Melissa Goldbach as their newest real estate sales agent.

Homebuyers who care as much about how their new home looks on the outside as on the inside will find highly sought after “curb appeal” at The Ponds of Bull Valley in northwest-suburban Woodstock. Developer Deer Point Homes designed the new community of 219 single-family homes with “hidden” three-car garages, winding streets, a host of exterior elevations, and home sites that back up to an adjacent private golf course, forest preserve and green space.