Dallas, Texas — BMC Capital announced on May 1, 2008, that it originated a $772,000 loan for the acquisition of Stoney Ridge Apartments, a 20-unit multifamily apartment complex located at 1600-1604 Stoney Ridge Court in Marble Falls, TX.
May 1, 2008
Dallas, Texas — BMC Capital announced on May 1, 2008, that it originated a $772,000 loan for the acquisition of Stoney Ridge Apartments, a 20-unit multifamily apartment complex located at 1600-1604 Stoney Ridge Court in Marble Falls, TX.
“BMC Capital was able to arrange an 80% loan-to-value with a 5-year fixed rate and a 30-year amortization,” says Sheree Berk and Keelee Peterson, Vice Presidents at BMC Capital’s Atlanta office.
BMC Capital is a 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 $10 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
BMC Capital, LP
214-526-7178
http://www.bmccapital.com
