Dallas, TX -- (ReleaseWire) -- 07/20/2006 --BMC Capital announced on Wednesday July 19, 2006, that it originated a $370,000 loan for the purchase of the Switzer Apartments, an 18-unit property located at 1726 Switzer Street in Houston, Texas.
“The deal demonstrates BMC Capital's ability to fund a variety of properties types and loan sizes," says Keith Van Arsdale, BMC Capital’s Director of Southwest Operations. ”We worked with the buyer’s needs to offer excellent terms.” BMC arranged for a fixed rate loan in the 7% range with a 30-year amortization. Jim Sebastian with the Houston office of Hendricks & Partners represented the buyer and seller.
About BMC Capital, LP
BMC Capital, LP is the country’s leading provider of multi-family, retail, commercial, and SBA mortgage loans in the $500,000 to $5 million range. Headquartered in Dallas, BMC Capital has offices around the country and finances real estate in all 50 States.
For more information on BMC Capital, contact:
Keith T. Van Arsdale
1330 Post Oak Blvd., Suite 1600
Houston, Texas 77056