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BMC Capital Provides 2.68M for Purchase and Refinance of Two Apartment...

hat it originated two loans totaling $2,680,000 for the refinance and purchase of two apartment complexes in the Toledo area.

Toledo, OH July 9, 2006 's8212; BMC Capital announced on Friday, June 30, 2006, that it originated two loans totaling $2,680,000 for the refinance and purchase of two apartment complexes in the Toledo area. Eastgate Apartments, a 44-unit complex with over 24,000 rentable sq. ft. that sits on 1.29 acres, is in Toledo proper. Hidden Valley Apartments, a 72-unit complex with almost 44,000 rentable sq. ft. that sits on 5.07 acres, is in Holland, a suburb of Toledo. Both properties were financed with rates in the mid 6% range with 80% LTV, a 10-year fixed rate and 30-year amortization.



's8220;As vacancy rates continue to drop, multi-family properties like these will continue to appeal to commercial property investors,'s8221; says Gavin Pike, BMC Capital's8217;s Toledo-based vice president. 's8220;As a national lender BMC has been able to offer more flexible program term and rates than the regional and local banks in the Ohio market.'s8221;



BMC Capital is a leading lender in the Ohio market and anticipates originating at least 50 transactions in the state this year.



About BMC Capital, LP



BMC Capital, LP is the country's8217;s leading provider of multi-family, retail, commercial, and SBA 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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