[3647] in Zephyr_Bugs
News Release - BMC Mortgage Inc. Announces Agreement to Acquire Net Lease Loans Inc.
daemon@ATHENA.MIT.EDU (press@bmcmortgage.com)
Fri Oct 17 20:06:25 2003
Message-Id: <200310180006.h9I06NGV012868@fort-point-station.mit.edu>
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From: "press@bmcmortgage.com" <press@bmcmortgage.com>
Date: Fri, 17 Oct 2003 19:01:39 -0500
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___________________________________
News Release
BMC Mortgage Inc. Announces Agreement to Acquire Net Lease Inc.
Dallas, TX., October 17, 2003 - BMC Mortgage Inc.., today announced a definitive agreement to acquire privately held Net Lease Loans Inc. Net Lease Loans Inc. is an established mortgage brokerage firm specializing in the Triple-Net Leased property sector. This acquisition represents a further strengthening of BMC's leading position in the NNN property finance sector.
"We are excited about the resources BMC brings to the table. BMC's unparalleled financing capabilities and its best-in-class execution will allow Net Lease Loan's customers to enjoy the industries highest levels of customer service," said Mark Feagins, CEO of Net Lease Inc. Carl Esrey, BMC's CEO stated, "Having the Net Lease Loans team join BMC is a major asset. Net Lease Loans will strengthen BMC with its strong customer base, demonstrated execution, and a solid reputation. We are confident that together we will continue to offer the strongest value proposition to customers in need of NNN funding."
This acquisition enables BMC to extend its lead in the NNN mortgage financing sector. In addition to adding to its revenue base, the acquisition will also provide BMC with the capability to place several new niche product types.
About BMC Mortgage Inc.
BMC Mortgage Inc. is the country's leading provider of multi-family, NNN and commercial mortgage in the 0,000 to 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
(214) 526-7178
jmorris@bmcmortgage.com
Or visit www.bmcmortgage.com
,750,000
_
- Purchase Loan -
-
137 Unit Multi-Family, Houston TX
-
5.04%, Fixed 10 Year, 20 Year Amortization
-
-
The above transaction is representative of the numerous fundings closed by BMC Mortgage this past week.
BMC Mortgage operates as a nation-wide financer of multi-family and commercial properties ranging from 0,000 to ,000,000. Over the past 10 years BMC has financed more than 2,000 transactions accounting for Billions of dollars of debt financing.
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<div align="LEFT"><FONT FACE="Times" style="font-size:14px" COLOR="#0033FF"><B>News Release </B></FONT></div>
<!--brk--><br>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000"><B>BMC Mortgage Inc. Announces Agreement to Acquire Net Lease Inc.</B></FONT></div>
<!--brk--><br>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000">Dallas, TX., October 17, 2003 - BMC Mortgage Inc.., today announced a definitive agreement to acquire privately held Net Lease Loans Inc. Net Lease Loans Inc. is an established mortgage brokerage firm specializing in the Triple-Net Leased property sector. This acquisition represents a further strengthening of BMC's leading position in the NNN property finance sector.</FONT></div>
<!--brk--><br>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000">"We are excited about the resources BMC brings to the table. BMC's unparalleled financing capabilities and its best-in-class execution will allow Net Lease Loan's customers to enjoy the industries highest levels of customer service," said Mark Feagins, CEO of Net Lease Inc. Carl Esrey, BMC's CEO stated, "Having the Net Lease Loans team join BMC is a major asset. Net Lease Loans will strengthen BMC with its strong customer base, demonstrated execution, and a solid reputation. We are confident that together we will continue to offer the strongest value proposition to customers in need of NNN funding."</FONT></div>
<!--brk--><br>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000">This acquisition enables BMC to extend its lead in the NNN mortgage financing sector. In addition to adding to its revenue base, the acquisition will also provide BMC with the capability to place several new niche product types.</FONT></div>
<!--brk--><br>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000"><B>About BMC Mortgage Inc.</B></FONT></div>
<!--brk--><br>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000">BMC Mortgage Inc. 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.</FONT></div>
<!--brk--><br>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000">For more information on BMC, contact:</FONT></div>
<div align="LEFT"><FONT FACE="Times" style="font-size:8px" COLOR="#FFFFFF">-</FONT></div>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000"><B> Jonathan Morris</B></FONT></div>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000"><B> President</B></FONT></div>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000"><B> (214) 526-7178</B></FONT></div>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000"><B> jmorris@bmcmortgage.com</B></FONT></div>
<!--brk--><br>
<div align="LEFT"><FONT FACE="Times" style="font-size:12px" COLOR="#000000">Or visit www.bmcmortgage.com</FONT></div>
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<td nowrap><div align="center"><font color="#FFFFFF" size="1" face="Verdana, Arial, Helvetica, sans-serif">Dallas
(HQ): (214) 526-7178 | Denver: (303) 377-1967
| Houston: (713) 622-4848 | St. Louis: (314)
518-4409 <br>
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