Dallas, TX -- (ReleaseWire) -- 04/12/2007 -- BMC Capital announced on April 6, 2007, that it originated a $405,000 loan for the refinance of Regents Park, a 16-unit multifamily property located at 1715 Mamie Street in Hattiesburg, MS.
“The borrower is looking to secure financing for the cash out refinance of the property,” says Bart Haddad, a Vice President at BMC Capital’s Hattiesburg office,” and we were able to arrange a 10-year fixed rate mortgage at a loan-to-value of 75% with a 30-year amortization.”
BMC Capital is a leading lender for small-balance multifamily loans in the Southeast and anticipates originating at least 150 such transactions in 2007.
About BMC Capital, LP
BMC Capital, LP is the country’s leading specialist for providing multifamily, commercial, owner/user and hospitality mortgage loans in the $500,000 to $5 million range, with funding capabilities up to $100 million per loan transaction. Headquartered in Dallas, BMC Capital has offices around the country and finances real estate in all 50 states.