Frederick D. Bernson is the Dallas-based BMC Capital's newestvice president and Julia Milloy has come on board as a loanofficer. They worked for Lehman Brothers SBF's' New Mexico officein Albuquerque before joining BMC. Lehman Brothers SBF is a whollyowned 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 tworeasons why he appealed to BMC's management. "He's one of thebest-known participants in that market," says Jonathan Morris,president of BMC Capital. "He was a senior person at LehmanBrothers. He ran that market for Lehman." Bernson's background inbanking also is an enormous assistance, Morris adds.

Morris tells that BMC's decision to open anAlbuquerque office was a no-brainer, given the amount of activityin the area. He says there has been a great deal of demand tofinance deals ranging from $500,000 to $10 million, which is whereBMC's expertise lies. BMC provides financing for multifamily,commercial and hospitality investments and developments.

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