BMC Capital Provides $1.5M Financing for Purchase of Victoria Condominiums in Houston
BMC Capital announced today that it provided $1,545,000 in mortgage financing for the purchase of 96 units at Victoria Condominiums located at 12600 South Gessner Drive in Houston, Texas. Keith Van Arsdale, BMC Capital Houston, comments, “This loan was challenging as the client was purchasing 96 of 148 units (fractured condo). We provided a low fixed rate loan with minimal pre-pay penalties. Also, the structure allows the client to sell off the units individually as condos if he chooses to...
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