BMC Capital Provides Trio of Loans for Texas Multifamily Properties

NACOGDOCHES, CORPUS CHRISTI AND TYLER, TEXAS — BMC Capital’s Dallas office has arranged a trio of loans for multifamily properties in Texas. In the first transaction, BMC arranged a $2.2 million loan for the refinancing of Northview Condominiums, a 72-unit multifamily property located in Nacogdoches. The loan featured a 10-year fixed term at 5 percent interest and a 30-year amortization schedule. The loan was arranged through one of BMC Capital’s corresponding agency relationships. In the second transaction, BMC arranged a $3.9 million loan for the purchase of Bordeaux Apartments, a 102-unit multifamily property located in Corpus Christi. The loan featured a 10-year fixed term at 4.7 percent interest and a 30-year amortization schedule. The loan was arranged through one of BMC Capital’s corresponding agency relationships. In the third transaction, BMC arranged a $3.6 million loan for the refinancing of Oxford Pointe Apartments, a 152-unit multifamily property located in Tyler. The loan featured a seven-year fixed term at 3.9 percent interest and a 30-year amortization schedule.