SHERMAN, TX-BMC Capital's Dallas office has arranged for a $4.29 million loan for Post Oak Crossings, a 176-unit multifamily property located here.
The loan features a five-year fixed rate at 3.9% and a 25 year amortization. The loan was arranged through one of BMC Capital's correspondent banking relationships. Brian Gramlich of BMC Dallas handled it.
BMC Capital is the leading lender for small-balance multifamily and commercial loans in the country and anticipates originating at least 150 such transactions in 2013.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
