GMAC Commercial Mortgage Arranges $27 Million in Financing for Arizona Multifamily Property.Business Editors/Real Estate Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--March 28, 2003 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 $27,000,000 in fixed-rate permanent acquisition financing for a Scottsdale, Ariz., apartment building. The 412-unit Desert View Apartments has a total of 812,830 square-feet and is situated on 18.66 acres. The property consists of 37, two- and three-story buildings. Total net rentable area is 382,936 square feet. Amenities include a reception/office building, exercise facility, two swimming pools, two spas, lighted volleyball courts, gas barbecue grills, tot lot and garages. Each unit is conveniently equipped with a washer/dryer, dishwasher, balcony/patio, central air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , fire-place and sprinkler system. GMACCM Vice President Ron Peterson of the Seattle 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 Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. . Pillar at Desert View 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 100 offices worldwide. GMACCM has a servicing portfolio approaching $165 billion and provides a variety of financing products and services including permanent, interim, mezzanine and construction lending as well as equity capital. GMACCM has specialized lending units focused on healthcare, hospitality and franchise and equipment lending. GMACCM makes Arizona loans pursuant to Arizona Commercial Mortgage Banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. License # CBK-O902418. News releases and other information about GMACCM, its products and services are available at www.gmaccm.com. Property photo available upon request. |
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