Dallas, TX -- (ReleaseWire) -- 09/17/2007 -- BMC Capital announced on August 22, 2007, that it originated a $2,870,000 loan for the acquisition of Valley View Mobile Home Park, a 66-unit multifamily property located at 12033 Woodinville Drive in Bothell, WA.
“We were able to arrange a 30-year fixed, fully amortized loan,” says Glenn Gioseffi, a Vice President at BMC Capital’s Seattle office.
BMC Capital is the leading lender for small-balance multifamily loans in the Northwest 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.