BMC CAPITAL PROVIDES LOANS FOR APARTMENT COMMUNITIES

SAN ANTONIO AND ANGLETON — Dallas-based BMC Capital has provided loans for the following properties:

• Sante Fe Condo Apartments in San Antonio has received a $2.65 million refinancing loan from BMC. The loan features a 7-year fixed rate at 5.07 percent with a 30-year amortization schedule. BMC’s Michael Thompson has arranged the financing through one of BMC’s relationships with Fannie Mae.
• The 204-unit Oaks of Angleton has received $2.6 million in acquisition financing and renovation proceeds. The loan is based on a 5-year term with 18 months of interest only and a 6.25 percent floor rate.