BMC Mortgage Buys Lone Star Capital

DALLAS-BMC Mortgage Inc. yesterday acquired Lone Star Capital Funding Inc. in an ongoing push to become the nation’s first branded arranger of commercial loans in the $500,000 to $5 million sector.

Lone Star Capital’s owner, Scott Walton, has been made a senior loan officer with the takeover, bringing a client roster with several proprietary relationships to the fold. Lone Star, a two-person shop, does five to 10 deals per month with an average loan size of $2 million, according to Jonathan Morris, president of Dallas-based BMC Mortgage. The two firms are focused on the same sector so, he tells GlobeSt.com, “it’s a lot better if we joined forces.” Walton and his associate will vacate their longtime office at 3131 Custer Rd. in Plano for BMC’s headquarters at 4514 Cole Ave.