Dallas, Texas — BMC Capital announced on April 2, 2008, that it originated a $1,281,000 loan for the acquisition of Tiffany Oaks, a 61-unit multifamily apartments property located at 905 Oak St. in Houston, Texas.
pril 2, 2008
Dallas, Texas — BMC Capital announced on April 2, 2008, that it originated a $1,281,000 loan for the acquisition of Tiffany Oaks, a 61-unit multifamily apartments property located at 905 Oak St. in Houston, Texas.
“This was one of two deals we closed with our BMC Direct program with this borrower. We were able to provide the borrower with a 5-year fixed rate and a 30-year amortization,” says Michael Thompson, a loan officer at BMC Capital’s Houston office.
BMC Capital is the leading lender for small-balance multifamily loans in the Southwest and anticipates originating at least 150 such transactions in 2008.
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.
Jonathan Morris
President
BMC Capital, LP
214-526-7178
www.bmccapital.com
