BMC Capital Provides $490,000 Loan for Duluth Apartments in Duluth, MN

Dallas, Texas — BMC Capital announced on June 11, 2007, that it originated a $490,000 loan for the refinance of Duluth Apartments, a 13-unit apartment complex located at 1913-1921 East 3rd Street in Duluth, MN.

“We were able to provide a 30-year fixed, fully amortized mortgage with a loan-to-value of 70%,” says Todd Davis, a Vice President at BMC Capital’s Fort Worth office.

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