BMC Capital Provides $4.1M Loan for the Acquisition of Knollwood Apartments in Irving, TX 75038

BMC Capital announced on November 21, 2007, that it originated a $4,130,000 loan for the acquisition of Knollwood Apartments, a 188-unit multifamily apartment complex located at 2727 West Walnut Hill Lane in Irving, TX 75038.

2007-11-21, BMC Capital, LP

Posted by bmccapital 367 days ago (1)
Category: Real Estate | Tags: bmc capital multifamily dallas tx

BMC Capital announced on November 21, 2007, that it originated a $4,130,000 loan for the acquisition of Knollwood Apartments, a 188-unit multifamily apartment complex located at 2727 West Walnut Hill Lane in Irving, TX 75038.

“We were able to arrange a 5-year fixed rate on an 80% loan-to-value and amortized over 30-years,” says Keith Van Arsdale, a Director at BMC Capital’ 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 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.