Dallas, Texas — BMC Capital announced on October 6, 2008, that it originated a $900,000 loan for the refinance of Lamar Plaza Apartments at 500 W. Lamar in McKinney, TX.
ctober 6, 2008
Dallas, Texas — BMC Capital announced on October 6, 2008, that it originated a $900,000 loan for the refinance of Lamar Plaza Apartments at 500 W. Lamar in McKinney, TX.
“We were able to arrange a 5-year fixed rate with no prepayment penalty and a 30-year amortization for the refinance of this multi-family property,” says Mason Whitehead, a Vice President at BMC Capital’s Dallas headquarters.
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 $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
BMC Capital, LP
214-526-7178
http://www.bmccapital.com
