BMC Capital Arranges $568,000 Loan for a Fractured Condo Property in San Benito, Texas

Dallas, Texas — BMC Capital announced that it arranged a $568,000 loan for the acquisition of the Sunshine Townhomes, a 17-unit fractured condo located at 650, 670 and 680 Poinciana in San Benito, Texas.

Josh Bailey, a loan officer at BMC Capital’s Dallas headquarters, provided the CA based buyers with a 10-year adjustable rate on a 75% loan-to-value mortgage. The loan also provided three years of interest only payments, contained partial release clauses, and allowed a 5% seller second mortgage for a combined loan to value of 80%. Michelle Fennegan of the Fennegan Group represented the buyer and seller.

BMC Capital is a leading lender for small-balance multifamily loans in the Southwest and anticipates originating at least 200 such transactions in 2007.

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

Josh Bailey
Loan Officer
3100 Monticello Avenue, Suite 400
Dallas, TX 75205

214.526.7178
jbailey@bmccapital.com
www.bmccapital.com

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