BMC Capital Provides $7M Loan for a Multifamily Property in Shoreline, Wash.

DALLAS, TEXAS February 15, 2007 Financial News

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(PRLEAP.COM) Dallas, Texas — BMC Capital announced that it originated a $7 million loan for the refinance of Meadowbrook Apartments, a 116-unit apartment complex located at 1404 – 1410 NW Richmond Beach Avenue in Shoreline, Wash.

Glenn Gioseffi, a vice president at BMC Capital’s Seattle office, originated a 63% loan-to-value mortgage with a 10-year fixed rate for the Seattle borrower. The loan also carried a 30-year amortization.

BMC Capital is a leading lender for small-balance multifamily loans in the Pacific Northwest 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

Glenn Gioseffi
Vice President
601 Union Street, Suite 4200
Seattle, WA 98101

206.579.1178
ggioseffi@bmccapital.com
www.bmccapital.com

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Contact Information

Jonathan Morris
BMC Capital
214-526-7178
Email BMC Capital

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