REBusinessOnline

BMC Capital Closes $4.4M Refinancing of Multifamily Property in San Antonio

SAN ANTONIO — BMC Capital has closed the $4.4 million cash-out refinancing of a multifamily property located in San Antonio. The 10-year loan features a 5.17 percent fixed interest rate, 75 percent loan-to-cost ratio and a 30-year amortization schedule. The undisclosed borrower will use the loan proceeds for a Class C multifamily property that it has owned for approximately one year.

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