BMC Capital Provides $1.35M Loan for the Acquisition of Marsalis Apartments in Dallas, TX

Dallas, Texas — BMC Capital announced on May 22, 2007, that it originated a $1,350,000 loan for the acquisition of Marsalis Apartments, a 60-unit apartment complex located on North Marsalis Avenue in Dallas, TX.

“The California based borrower requested the financing to complement a 1031 exchange and time was of the essence. Through our in-house BMC Direct program we were able to close in 47 days and provided the financing with a 30-year fixed, fully amortized mortgage, and a rate in the mid 6’s,” says Michael Thompson, a loan officer at BMC Capital’s Houston office.

BMC Capital is a leading lender for small-balance multifamily loans in the Southwest 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.