REBusinessOnline

BMC CAPITAL ORIGINATES $1.16 MILLION MULTIFAMILY LOAN

CHICAGO — Dallas-based BMC Capital has originated a $1.16 million loan for the acquisition of a multifamily property located at 2402 N. New England in Chicago. According to BMC Capital, the company was able to originate a non-recourse loan, as well as limit the costs, maximize the loan dollars and negotiate no holdbacks for deferred maintenance for the 25-unit apartment complex. Additional terms of the loan were not disclosed.

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