Dallas, Texas — BMC Capital announced on July 10, 2008, that it originated a $1,700,000 loan for the purchase and renovation of Hunters Ridge Apartments, a 142-unit multifamily apartment complex located at 3108 New Allen Road in Memphis, TN.
July 10, 2008
Dallas, Texas — BMC Capital announced on July 10, 2008, that it originated a $1,700,000 loan for the purchase and renovation of Hunters Ridge Apartments, a 142-unit multifamily apartment complex located at 3108 New Allen Road in Memphis, TN.
“The loan only took us two weeks to close and features a 74% loan-to-value 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 Southeast 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
