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HOUSTON — BMC Capital has arranged a $1.28 million acquisition loan for Sherwood Glen, a 56-unit multifamily community located at 3805 Sherwood Lane in Houston. Terms of the financing include a 5-year fixed interest rate and a 25-year amortization schedule. The loan was arranged on behalf of an Austin-based 1031 exchange buyer. It will fund the purchase of the property, as well as provide for the property’s rehabilitation. The borrower was not disclosed.