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BMC Capital Provides 635000 Loan for a Multifamily Property in Houston...

BMC Capital announced on Friday, October 20, 2006, that it originated a $635,000 loan for the acquisition of Sloan Street Apartments, a 32-unit multifamily property in Houston, Texas. The 21,000 sq. foot property was built in 1970 and is located at 6503 Culmore Drive and 6414 Sloan Street.



Keith Van Arsdale, a director at BMC Capital's8217;s Houston office, provided the California borrower with a seven-year fixed rate on an 80% loan-to-value mortgage. The loan also features a 30-year amortization. Bill Garcia of Carlos Garcia Realty represented the seller.



BMC Capital is a leading lender for small-balance multifamily loans in Texas and anticipates originating at least 100 such transactions in 2006.



About BMC Capital, LP

BMC Capital, LP is the country's8217;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:



Keith Van Arsdale

Director

1330 Post Oak Blvd., Suite 1600

Houston, Texas 77056



713.622.4848

www.bmccapital.com

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