BMC Capital Provides $2.4M Financing for Purchase of Northview Condominiums
BMC Capital announced today that it provided $2,400,000 in mortgage financing for the purchase of the 72-unit Northview Condominiums located at 4100 North Street in Nacogdoches, Texas. BMC Capital’s Keith Van Arsdale comments, “We have many programs that provide attractive loan terms for tertiary markets such as Nacogdoches.” The loan was arranged to have an 80% loan-to-value mortgage with an interest rate in the mid six percent range and a 30-year amortization.
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