Dallas, TX -- (ReleaseWire) -- 01/05/2007 --BMC Capital announced on Thursday, January 4, 2007, that it originated a $725,000 loan for the acquisition of a 10,900 sq. foot office building at 1012 North Davis Street in Arlington, Texas. The property consists of 12 office and retail spaces.
Mason Whitehead, a loan officer at BMC Capital’s Dallas headquarters, originated the 80% combined loan-to-value mortgage for the New York borrower. The loan also carries a 25-year amortization. BMC Capital, in addition to providing financing, coordinated the appropriate insurance, management and leasing agreements.
BMC Capital is a leading lender for small-balance commercial office loans nationwide and anticipates originating at least 100 such transactions in 2006.
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. Headquartered in Dallas, BMC Capital has offices around the country and finances real estate in all 50 states.
For more information on BMC Capital, contact:
Jonathan Morris
President
3100 Monticello Avenue, Suite 400
Dallas, TX 75205
214.526.7178
jmorris@bmccapital.com
www.bmccapital.com
Mason Whitehead
Loan Officer
3100 Monticello Avenue, Suite 400
Dallas, TX 75205
214.526.7178
mwhitehead@bmccapital.com
www.bmccapital.com
BMC Capital Provides $725,000 Loan for an Office Building in Arlington, Texas
BMC Capital originated a $725,000 loan for the acquisition of an office building at 1012 North Davis Street in Arlington, Texas