ReleaseWire

According to an industry analysis by Compare Owner Holiday Rentals (COHR), there is likely to be consolidation in the vacation rentals industry, with more acquisitions by the larger vacation rentals sites and increased specialization by the smaller players.

American Advantage Mortgage Company, South Carolina Division selected as the “Builder’s Preferred Lender” for Nations Homes II, one of the finest homebuilders in the Carolinas.

BMC Capital announced today that it provided $4,390,000 in mortgage financing for the refinance of the Las Palmas Medical Building located at WW White Road and Southcross in San Antonio, Texas. The medical building is part of the Las Palmas Professional Center which was built in 2002. It consists of 29,000 net rentable square feet and houses four national medical service companies. Keith Van Arsdale of BMC Capital’s Houston office arranged for permanent financing for a non-recourse loan through a Wall Street conduit with an interest rate in the low six percent range and a 30-year amortization.

BMC Capital announced today that it provided $1,240,000 in mortgage financing for the purchase of the 48-unit Colony Oaks Apartments located at 2450 West Central Avenue in Toledo, Ohio. Gavin Pike of BMC Capital arranged for an 80% loan-to-value mortgage to have a ten-year fixed rate in the six percent range and a 30-year amortization. BMC Capital is a leading lender in the Ohio market and plans on funding more than 50 loans in the state in 2006.

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.

The New Jersey Builders Association (NJBA) honored Kelly Zuccarelli, general manager and vice president of American Advantage Mortgage Company, with the induction into the Associate Hall of Fame and the Builders Political Action Committee (BPAC) State House Club.

BMC Capital announced today that it provided $2,300,000 in mortgage financing for the purchase of the 62-unit Missouri Meadows Apartments. This multi-family property is located at 3501 West Missouri Avenue. BMC Capital originates hundreds of loans each year and plans on funding more than fifty Arizona properties in 2006.

BMC Capital announced today that it provided $2,374,000 in mortgage financing for the purchase of two Tacoma, Washington apartment buildings. The 38- unit Kensington Apartments is located at 235 Tacoma Avenue South. The 25-unit Lauriston Apartments is located at 247 Tacoma Avenue South. BMC Capital originates hundreds of loans each year and plans on funding more than fifty Washington properties in 2006.

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BMC Capital announced today that it provided $1,300,000 in mortgage financing for the purchase of the 58 unit Greenwich Apartments. The multi-family property is located at 5120 Suder Avenue in Toledo, Ohio. BMC Capital’s, Gavin Pike, arranged an 80% loan-to-value mortgage with a five-year fixed rate that featured an interest rate below 7 percent and an amortization period of 30 years. BMC Capital is a leading lender in the Ohio market and plans on funding more than 50 loans in the state in 2006.

BMC Capital announced today that it provided long term, fixed rate mortgage financing for the purchase of the Compass Group USA building located at 440 Allied Drive in Nashville, Tennessee.

BMC Capital announced today that it provided $1,100,000 in long term, fixed rate mortgage financing for the purchase of Skyway Apartments. The 30 unit multi-family property is located at 815 South Cobb Drive in Marietta, Georgia.

BMC Capital, LP today announced the opening of its Hattiesburg, Mississippi office, for income property loan production. This expansion represents a further strengthening of BMC Capital’s position as the nation’s top commercial mortgage broker for the $500,000 to $5,000,000 sector. BMC Capital also provides funding for higher loan amounts.

BMC Capital announced today that it provided $3,395,000 in mortgage financing for the refinance of the 129 unit Lewiston Apartments located at 5507 Lewis Avenue in Toledo, Ohio. In April of 2004, the owner purchased the multi-family property. After stabilizing it and increasing the property value, the owner refinanced using a cash-out refinance mortgage. The loan had 78.5% loan-to-value and interest rate in the six percent range. BMC Capital originates hundreds of loans each year and plans on funding many Ohio properties in 2006.

BMC Capital announced today that it provided $3,150,000 in mortgage financing for the purchase of the 72-unit Williams Landing Apartments located at 15266 South Power Road in Higley, Arizona. The town of Higley is a rapidly growing area in the southeast section of metro Phoenix’s East Valley. The property is located near the soon to open Loop Highway 202, also known as the San Tan Freeway. BMC Capital’s Mike Callis arranged for a 79% loan-to-value mortgage with a five-year fixed rate and a 30-year amortization.

Experienced investors, as well as raw beginners, will benefit from using new real estate software, known as the Contract Wizard. It asks a series of simple questions about what the Buyer or Seller wants to accomplish and then uses the answers to create a customized sample Purchase or Sales contract guaranteed to produce a profit. Users can also submit their best deals using the Contract Wizard and compete for cash prizes expected to exceed $100,000

BMC Capital announced today that it provided $1,200,000 in mortgage financing for the acquisition of Loggins Court Apartments. This 50 unit multi-family property is located at 710 Loggins Drive in West Columbia, Texas and was purchased using the proceeds from a 1031 exchange. BMC Capital is one of the leading originators of multi-family loans in Texas and funds more than one hundred loans in the state annually.

BMC Capital announced today that it provided $1,660,000 in mortgage financing for the purchase of the Holiday Lodge Hotel. The hotel has 160 rooms and is located at 215 East Airport Freeway in Irving, Texas, a suburb of Dallas. BMC Capital’s, Michael Johnson, comments, “we were on a tight deadline and were able to close the loan in less than a month. This is very unusual for hotel and motel loans.” BMC Capital is a leading player in the full service and limited service hospitality sector.

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 do so.” BMC Capital is one of the leading originators of multi-family loans in Texas and funds more than one hundred loans in the state annually.

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BMC Capital announced today that it provided $648,000 in mortgage financing for the purchase of the 30 unit Ken Mar Apartments located at 910 Main Street in Pasadena, Texas. BMC Capital’s Houston office secured the financing with an 80% Loan-to-Value and an interest rate in the mid 6% range. BMC Capital is one of the leading originators of multi-family loans and commercial loans in Texas and funds more than one hundred loans in the state annually.

BMC Capital announced today that it provided $1,450,000 in mortgage financing for the purchase of Continental Plaza located at 801 North Industrial Boulevard in Dallas, Texas. The Continental Plaza was built in 2005 and has 8,100 square feet of rentable space. Several regional retail chains including Diamond Shamrock are housed in the building. BMC Capital’s Keith Van Arsdale arranged the acquisition loan to have a fixed interest rate in the mid 6% range with a 30 year amortization. BMC Capital is one of the leading originators of retail property loans in Texas and funds more than one hundred loans in the state annually.

BMC Capital announced today that it provided $1,463,000 in mortgage financing for the purchase of the Park & Sell America building, a previously-owned motor vehicle dealership. The 110,000 sq. foot property is located at 900 East Dowling Road in Anchorage, Alaska. BMC Capital is an active lender in the Alaska market and anticipates funding more than 100 transactions in the state this year.

BMC Capital announced today that it provided $1,379,000 in mortgage financing for the purchase of the building housing the Mexican restaurant Don Pablo’s. The 7,700 sq. foot building is located off Highway 589 at 6601 Waters Avenue in Tampa, Florida. BMC Capital is one of the leading providers of financing for the single-tenant restaurant sector.

BMC Capital announced today that it provided $780,000 in mortgage financing for the building housing the seafood restaurant Captain D’s located at 2280 Madison Street in Clarksville, Tennessee. The 2,300 sq. foot space sits on a 1.8 acre lot on the southwest corner of Highway 112 and Highway 76. BMC Capital is one of the leading providers of financing for the single-tenant restaurant sector.