ALBUQUERQUE-Citing increased lending activity and the need for a strong presence on the ground, BMC Capital LP has opened an office in the metro. The new office is being run by a former Lehman Brothers’ team.

Frederick D. Bernson is the Dallas-based BMC Capital’s newest vice president and Julia Milloy has come on board as a loan officer. They worked for Lehman Brothers SBF’s’ New Mexico office in Albuquerque before joining BMC. Lehman Brothers SBF is a wholly owned subsidiary of Lehman Brothers Holdings Inc. of New York City, which couldn’t be reached for comment prior to deadline.

Bernson’s background and longevity in the industry were two reasons why he appealed to BMC’s management. “He’s one of the best-known participants in that market,” says Jonathan Morris, president of BMC Capital. “He was a senior person at Lehman Brothers. He ran that market for Lehman.” Bernson’s background in banking also is an enormous assistance, Morris adds.

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