BMC Capital Provides $2M Loan for a Multifamily Property in Midland, TX

Dallas, Texas — BMC Capital announced that it originated a $2 million loan for the cash-out refinance of Live Oak Apartments, a 100-unit complex located at 2700 North Midland Drive in Midland, Texas.

Mason Whitehead, a loan officer at BMC Capital’s Dallas Headquarters, provided the Texas borrower with a thee-year fixed rate on a 74% loan-to-value mortgage. The loan also featured a 30-year amortization and partial recourse.

BMC Capital is a leading lender for small-balance multifamily loans in Texas and anticipates originating at least 200 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

Mason Whitehead
Loan Officer
3100 Monticello Avenue, Suite 400
Dallas, TX 75205

214.526.7178
mwhitehead@bmccapital.com
www.bmccapital.com

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