BMC Capital Provides $2.55M Loan for a Multifamily Property in Mesa, Ariz.

Dallas, Texas — BMC Capital announced that it originated a $2.55 million loan for the acquisition of Pine Gardens, a 55-unit apartment complex located at 206 - 212 W. Southern Avenue in Mesa, Ariz., an eastern Phoenix suburb.

“The borrower had initially planned on putting 30% down, but after working with BMC, he saw that he would receive a greater benefit from maximizing his leverage,” says Susanna Reust, a vice president at BMC Capital’s Phoenix office. Reust originated the loan for the Glendale buyer. She provided a five-year fixed rate on a 78% loan-to-value mortgage with a 30-year amortization. “We were able to offer a larger loan amount than originally anticipated because of our expertise with the local market,” says Reust. Marcus and Millichap represented the borrower, and Hendricks and Partners represented the seller.

BMC Capital is a leading lender for small-balance multifamily loans in the Southwest and anticipates originating at least 100 such transactions in 2006.

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. 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:

Jonathan Morris
President
3100 Monticello Avenue, Suite 400
Dallas, TX 75205

(214) 526-7178
jmorris@bmccapital.com
www.bmccapital.com

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