Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Morris tells GlobeSt.com that BMC’s decision to open an Albuquerque office was a no-brainer, given the amount of activity in the area. He says there has been a great deal of demand to finance deals ranging from $500,000 to $10 million, which is where BMC’s expertise lies. BMC provides financing for multifamily, commercial and hospitality investments and developments.

“Before the Albuquerque office opened, loans in that area were handled by scattered offices around our system,” Morris explains. “But when local staff visits the property, it helps us make more loans and leads to better lending decisions. It’s great to have someone there full time to develop that market.” Morris says the Albuquerque office at 4801 Lang Ave. has just opened, but Bernson and Milloy already have five pending deals.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.