BMC Capital Arranges $13.7M Acquisition Loan for Multifamily Asset in Galveston

GALVESTON, TEXAS — BMC Capital has arranged a $13.7 million loan for the acquisition of a 238-unit multifamily property in the Texas Gulf Coast city of Galveston. The five-year loan features a 5 percent fixed interest rate and a 30-year amortization schedule. Keith Van Arsdale of BMC Capital arranged the loan through an undisclosed bank. The name of the property and borrower were also withheld.

Get more news delivered to your inbox. Subscribe to France Media's twice-weekly regional e-newsletters. Click here.

Related News

Content Partners