Dallas, TX -- (ReleaseWire) -- 10/15/2007 -- BMC Capital announced on October 1, 2007, that it originated a $500,000 loan for the refinance of SRDC Apartments, a 14-unit multifamily apartment complex located at 4121-4129 North 33rd Drive in Phoenix, AZ.
“We were able to arrange a 5-year fixed rate with a loan-to-value of 75% and amortized over 30-years,” says Susanna Reust.
BMC Capital is a leading lender for small-balance multifamily loans in the Southwest 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.