GMAC Commercial Mortgage Arranges $24.6 Million Financing for Arizona Apartment Complex.Business Editors HORSHAM, Pa.--(BUSINESS WIRE)--Nov. 30, 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 $24,600,000 in floating-rate acquisition financing for a Scottsdale, Arizona Scottsdale (O'odham Vaṣai S-vaṣonĭ) is a city in Maricopa County, Arizona, United States, adjacent to Phoenix. Scottsdale has become internationally recognized as a premier and posh tourist destination, while maintaining its own identity and culture as " apartment complex. Glen Eagles Apartments is a 330-unit garden apartment complex located at 8275 East Bell Road. The property has a total of 360,094 square-feet and is situated on 25.33 acres. It consists of 33 two and three-story buildings and 10-plex buildings. Outdoor amenities include four heated pools with spas, armadas, decking and barbecue areas, and a fully equipped fitness facility. Each unit is equipped with a full-size washer washer Orthopedics A flattened disk of metal with a central hole used to distribute stress under a screw head to prevent thin cortical bone from splitting; serrated washers are used to affix avulsed ligaments, small avulsion fractures or comminuted fractures to the and dryer, microwave, walk-in closets, and decks or patios. GMACCM Vice President Ron Peterson of the Seattle retail production office arranged the transaction through Nationwide Life Insurance Company. Senior Vice President Steve Posluszny of the Phoenix retail production office was the co-originator. 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 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 60 offices nationwide. GMACCM has a servicing portfolio exceeding $125 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. News 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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