BMC Capital Provides $2,639,000 Loan for Emporia Apartments in Emporia, KS
(PRLEAP.COM) Dallas, Texas — BMC Capital announced on March 29, 2007, that it originated a $2,639,000 loan for Emporia Apartments, a 120-unit apartment complex property located on Merchant Street in Emporia, KS.Todd Davis, a Vice President at BMC Capital’s Fort Worth office, arranged for a 30-year fixed rate mortgage with a 30-year amortization. Davis states, “We were able to provide refinance proceeds equal to 85 percent of purchase price well within one year of purchase.”
BMC Capital is the leading lender for small-balance multifamily loans in the Midwest 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.
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