BMC Capital Provides $2.6M Loan for the Acquisition of Carriage Park in Groves, TX

BMC Capital announced on October 1, 2007, that it originated a $2,640,000 loan for the acquisition of Carriage Park Apartments, a 102-unit multifamily apartment complex located at 5252 Twin City Highway in Groves, TX

“We were able to arrange a 10-year fixed rate on an 80% loan-to-value,” says Susanna Reust, a Vice President at BMC Capital’s Phoenix 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.