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 Inc's customers to enjoy the industries highest levels of customer service," said Mark Feagins, CEO of Net Lease Loans 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 $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
    (214)526-7178
    jmorris@bmcmortgage.com

Or visit www.bmcmortgage.com



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