BMC Capital Provides $1.16M Loan for Chateau Grand Apartments in Hattiesburg, MS

(PRLEAP.COM) BMC Capital announced on October 5, 2007, that it originated a $1,160,000 loan for the refinance of Chateau Grand Apartments, a 67-unit multifamily apartment complex located in Hattiesburg, MS.

“We were able to arrange a non-recourse cash-out refinance with a 10-year fixed rate and a 20-year amortization,” says Bart Haddad, a Vice President at BMC Capital’s Hattiesburg office.

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

PR Leap is a service of Condesa, Inc. © 2009 All Rights Reserved. Use of our service is governed by our Privacy Policy and Terms of Service.
Issuers of news releases are solely responsible for the accuracy of their content. Copyright / IP Policy