Dallas, TX -- (ReleaseWire) -- 06/11/2007 -- BMC Capital announced on May 17, 2007, that it originated a $700,000 loan for the refinance of Shannon Plaza Apartments, a multifamily property located on South Haverhill.
“BMC Capital was able to provide the borrower with a 30-year fixed rate, fully amortized loan with a 72% loan-to-value mortgage,” says Josh Bailey, a loan officer at BMC Capital’s Dallas headquarters.
BMC Capital is a leading lender for small-balance multifamily loans in the Southwest Region 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.