BMC ARRANGES $2.1 MILLION MULTIFAMILY LOAN
NEW BRAUNFELS, TEXAS — Dallas-based BMC Capital has arranged $2.1 million in acquisition financing for Laurel Heights Apartments, a 72-unit multifamily community located at 483 Laurel Lane in New Braunfels. Terms of the loan include an 80 percent loan-to-value ratio, a 10-year term with a 30-year amortization schedule, and a fixed interest rate. The borrower was an out-of-state, 1031 exchange investor. The lender was not disclosed.