GMAC Commercial Mortgage Arranges $15 Million Acquisition Financing for Florida Office Building.Business Editors HORSHAM, Pa.--(BUSINESS WIRE)--June 20, 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 $15,000,000 in adjustable-rate acquisition financing for a Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation). Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6. office building. Westshore Corporate Center is located at 600 North Westshore Boulevard. This property is a twelve-story office tower with 167, 537 square-feet of net rentable area and an 830-space structured parking garage, shared with the adjacent Crown Plaza Hotel The Plaza Hotel in New York City is a landmark 19-story luxury hotel with a height of 250 feet (76 m) and length of 400 feet that (122 m) occupies the west side of Grand Army Plaza, from which it derives its name, and extends along Central Park South in Manhattan. . The total site area is 8.95 acres with a portion owned on a fee simple basis, and the balance on a long-term ground lease. GMACCM Vice President Russ Callahan, of the Tampa, Florida retail production office, arranged the transaction. GMAC Commercial Mortgage is the leading U.S. financial solutions provider servicing commercial restate re·state tr.v. re·stat·ed, re·stat·ing, re·states To state again or in a new form. See Synonyms at repeat. re·state borrowers and investors seeking relationship-based advice and consultation. GMACCM is an industry leader in loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , 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 50 offices nationwide. GMACCM has a servicing portfolio exceeding $100 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. |
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