BMC Capital, LP

BMC Capital Provides $657,500 Loan for West Inn Village in Hattiesburg, MS


Dallas, TX -- (ReleaseWire) -- 04/13/2007 -- BMC Capital announced on April 9, 2007, that it originated a $657,500 loan for the refinance of West Inn Village, a 20-unit property located at 60 Hillcrest Dr in Hattiesburg, MS.

“This is the second financing we arranged for the borrower,” says Bart Haddad, a Vice President at BMC Capital’s Hattiesburg office. “We were able to provide a 10-year fixed rate mortgage at a loan-to-value of 75% with a 30-year amortization at 50% recourse.”

BMC Capital is the 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.