BMC Capital Provides $2M Loan for the Acquisition of Villa Nueva Apartments in Houston, TX

BMC Capital announced on April 2, 2008, that it originated a $2,043,750 loan for the acquisition of Villa Nueva, a 98-unit multifamily apartments property located at 827 Oak St. in Houston, Texas.

2008-04-02, BMC Capital

Posted by bmccapital 234 days ago (1)
Category: Real Estate | Tags: loans multifamily bmc mortgage

April 2, 2008

Dallas, Texas — BMC Capital announced on April 2, 2008, that it originated a $2,043,750 loan for the acquisition of Villa Nueva, a 98-unit multifamily apartments property located at 827 Oak St. in Houston, Texas.

“This Utah-based borrower was looking to break in to the Texas multi-family market place. Through our BMC Direct program, we were able to provide a 5-year fixed rate and a 30-year amortization,” says Michael Thompson, a loan officer at BMC Capital’s Houston office.

BMC Capital is the leading lender for small-balance multifamily loans in the Southwest and anticipates originating at least 150 such transactions in 2008.

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.