SHERMAN, TX-BMC Capital's Dallas office has arranged for a $4.29 million loan for Post Oak Crossings, a 176-unit multifamily property located here.
The loan features a five-year fixed rate at 3.9% and a 25 year amortization. The loan was arranged through one of BMC Capital's correspondent banking relationships. Brian Gramlich of BMC Dallas handled it.
BMC Capital is the leading lender for small-balance multifamily and commercial loans in the country and anticipates originating at least 150 such transactions in 2013.
BMC Capital, LP is a leading specialist for providing multifamily, commercial, owner/user and hospitality mortgage loans in the $500,000 to $15 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.
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