BMC Capital Provides $500,000 Loan for the Acquisition of West SJ Apartment in San Jose, CA

Dallas, Texas — BMC Capital announced on May 24, 2007, that it originated a $500,000 loan for the acquisition of West SJ Apartments, an 8-unit apartment complex property located on Roewill Drive in San Jose, CA.

“We were able to arrange a 3-year fixed rate mortgage under the six percent range with a 30 year amortization,” says Colin Paterson, a loan officer at BMC Capital’s Sacramento office. “The loan closed with a 14% seller carry and the combined DSCR was 1:1,” says Paterson.

BMC Capital is a leading lender for small-balance multifamily loans in the West and anticipates originating at least 150 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, 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.