BMC Capital Provides $871,000 Loan for Markeen Apartments in Fort Worth, TX

BMC Capital announced on March 28, 2008, that it originated a $871,000 loan for the refinance of Markeen Apartments, a 14-unit multifamily property located at 210 St. Louis in Forth Worth, TX.

2008-04-01, BMC Capital

Posted by bmccapital 233 days ago (1)
Category: Real Estate | Tags: loan refinance multifamily

Dallas, Texas — BMC Capital announced on March 28, 2008, that it originated a $871,000 loan for the refinance of Markeen Apartments, a 14-unit multifamily property located at 210 St. Louis in Forth Worth, TX.

“This was a cash-out refinance on a historic apartment property in downtown Fort Worth and we were able to arrange a 5-year fixed rate on a 77% loan-to-value and 30-year amortization. The borrower is a longtime client of BMC who continues to use our services because we will get the deal done, even during this increasingly trying financial market,” says Mason Whitehead, a Vice President at BMC Capital’s Dallas headquarters.

BMC Capital is a 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.