Deal of the Week: Western Oaks and Omni Apartments in Lubbock, Texas

Photo credit: Broker OM
An active bridge lender issued a term sheet for this deal and later shut down their multifamily bridge platform. BMC Capital had to scramble to find a plan B lender for the two Class C multifamily properties. BMC had an alternative option, Edgewood Capital, waiting in the wings and closed the deal in four weeks. More

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