GMAC Commercial Mortgage Arranges $21.9 Million in Permanent Financing for Arizona Apartment Complex.Business Editors HORSHAM, Pa.--(BUSINESS WIRE)--Aug. 29, 2002 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 Corporation (GMACCM) has arranged $21,900,000 in floating-rate permanent financing Permanent financing Long-term financing using either debt or equity. permanent financing The long-term financing that supports a long-term asset. for an Avondale, Ariz., apartment complex. Aventura Apartments is located at 10350 W. McDowell Road. The property has a total of 368,436 square-feet and is situated on 18.41 acres of land. The luxury apartment complex consists of 17 three-story buildings with 408 units, a clubhouse and a fitness center. Amenities include swimming pools and a heated spa. The apartments have full-size washers and dryers, microwaves and decks. GMACCM Vice President Ron Peterson of the Seattle, Wash., retail 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. office arranged the transaction through Aegon USA Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Advisors, Inc. Aventura Apartments, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control received the funding. GMAC Commercial Mortgage Corporation (GMACCM), a wholly-owned subsidiary of GMAC Commercial Holding Corp., is a premier financial services 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. firm with extensive funding sources that, coupled with a broad menu of innovative financing programs, serve the needs of borrowers of commercial real estate debt as well as the providers of such capital. GMACCM is an industry leader in loan origination, servicing, asset management, investment management and technology services. The diverse lending and servicing specialist and its affiliates have more than 85 offices worldwide. GMACCM has a servicing portfolio exceeding $154 billion and provides a variety of financing products and services including permanent, interim, mezzanine and construction lending as well as equity capital for commercial real estate. GMACCM has specialized lending units focused on healthcare, hospitality and franchise and equipment lending. News releases and other information about GMACCM, its products and services are available at www.gmaccm.com. |
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