BMC Capital Arranges $24M Bridge Loan for Multifamily Property in Tomball, Texas

by Taylor Williams

TOMBALL, TEXAS — BMC Capital has arranged a $24 million bridge loan for Bridgewater Apartments, a multifamily property in Tomball, a northeastern suburb of Houston. According to Apartments.com, the property was built in 1978 and offers 206 units in one- and two-bedroom units, as well as a pool, business center, dog park and a picnic area. Grant Garlock and Noah Laredo of BMC Capital placed the two-year, interest-only loan through an undisclosed life insurance company. The borrower was also not disclosed.

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