GMAC Commercial Mortgage Arranges $14 Million Refinancing for Florida Multifamily Complex.Business Editors HORSHAM, Pa.--(BUSINESS WIRE)--Aug. 17, 2001 GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Commercial Mortgage Corp. (GMACCM) has arranged $14,300,000 in fixed-rate permanent refinancing for a Clermont, Florida Clermont is an affluent western suburb of Orlando in Lake County, Florida, United States. The current population for Clermont is 22,097 at a 2006 census, making it the largest city in Lake County, Florida. The historic downtown district is still much as it was 50 years ago. apartment complex. Ridgepoint at Cagan Crossing I is located at 16554 Crossing Blvd with 272 units. It has a total of 515,750 square-feet and is situated on over 11 acres. Amenities include large a clubhouse, fitness center, business center, pool, enclosed cabana, fitness trails and retail shops. Cagan Crossings, L.L.C. received the financing with a 30-year amortization. GMACCM Vice President Keith Jones Keith Jones may refer to:
GMAC Commercial Mortgage, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of GMAC Commercial Holding Corp, is the leading U.S. financial solutions provider servicing commercial real estate borrowers and investors seeking relationship-based advice and consultation. GMACCM is an industry leader in loan origination, servicing, asset management and securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. of commercial mortgages. The diverse lending and servicing specialist has more than 60 offices nationwide. GMACCM has a servicing portfolio exceeding $110 billion, and provides a variety of financing products and services including permanent, interim, and construction lending, with specialized lending units focused on healthcare and hospitality as well as e-commerce offerings through Internet commercial mortgage lending. Press releases and other information about GMAC Commercial Mortgage and its products and services are available at http://www.gmaccm.com on the Internet. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion