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BMC Capital, LP Announces Agreement to Acquire Principal Resource Group
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Added: 05/30/2004
Type: Summary
Viewed: 868 time(s)
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BMC Capital, LP Announces Agreement to Acquire Principal Resource Group
BMC Capital, LP., today announced a definitive agreement to acquire privately held Principal Resource Group. Principal is an established Dallas based mortgage brokerage firm specializing in SBA and owner occupied real estate. This acquisition represents a major push by BMC to increase its market share in the owner occupied finance sector.
BMC is currently the nation’s top commercial mortgage broker for the $500,000 to $5,000,000 sector.
“BMC’s capabilities are compelling. BMC’s strong resources and its fast execution will allow Principal’s customers to enjoy market leading execution on their loans,” said Michael Johnston, President of Principal Resource Group. Jonathan Morris, BMC’s President states, “Michael’s team brings a major asset to the table for BMC. They have demonstrated more expertise and success than anyone else in the market at arranging SBA and owner operated finance. Our customers will certainly benefit from this new capability we can now provide.”
This acquisition enables BMC to extend its lead in the small scale, multi-family and commercial mortgage sector. In addition to adding to its revenue base, the acquisition also provides BMC with several new proprietary lending relationships.
About BMC Capital, LP:
BMC Capital, LP is the country’s leading provider of multi-family, NNN and commercial mortgage in the $500,000 to $5 million range. Headquartered in Dallas, BMC’s has offices around the country and finances real estate in all 50 States.
For more information on BMC, contact:
Jonathan Morris
President
4514 Cole Ave, Suite 750
Dallas, TX 75205
(214)526-7178
jmorris@bmccapital.com
Or visit www.bmccapital.com
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