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BMC Capital Provides 960000 Loan for a Multifamily Property in Florence...

BMC Capital announced on Thursday, October 5, 2006, that it originated a $960,000 loan for the acquisition of Wildwood Terrace Apartments, a 60-unit complex located at 1247 Graham Avenue in Florence, Alabama, a city in the northwest corner of the state.



Derek Miller, a loan officer at BMC Capital's8217;s Dallas headquarters, originated the loan for the California borrower. Miller provided a 5-year fixed rate on an 80% loan-to-value mortgage with a 30-year amortization. Diane Silk of Coldwell Banker represented the buyer. Vicky Phillips represented the seller.



BMC Capital is a leading lender for small-balance multifamily loans in the Southeast 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:



Jonathan Morris

President

4514 Cole Ave, Suite 750

Dallas, TX 75205



(214) 526-7178

www.bmccapital.com

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