GMAC Commercial Mortgage Corporation Arranges $21.8 Million in Permanent Financing for a California Hotel.SACRAMENTO, Calif. -- 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 $21,800,000 in permanent, fixed-rate financing for a Sacramento, Calif., hotel. Embassy Suites, located at 100 Capitol Mall, was built in 2002. The full-service hotel is situated on 1.55 acres and contains 242 suites. GMACCM Vice Presidents James Rice For the school James Ruse Agricultural High, please see James Ruse Agricultural High School. That's nice!!! James Rice (26 September1843 - 26 April1882), English novelist, wrote a number of successful novels in collaboration with Walter Besant. and John Fett, of the Portland, Ore., and Sacramento, Calif., 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. offices, respectively, arranged the transaction through one of its many third-party capital sources. Sacramento Hotel Partners received the funding. GMACCM will service the loan for the borrower. According to Rice, "GMACCM has a strong relationship with the borrower with whom we worked with several times in the past. Our competitive pricing and prompt decision-making enabled this transaction to run smoothly. We worked diligently to close this deal in just 48 days." GMAC Commercial Mortgage is a Capmark Financial Group Inc. (Capmark) company. Formerly known as GMAC Commercial Holding Corp., Capmark is an industry leader in real estate finance, investments and services. Capmark's real estate lending and origination platform has access to multiple capital sources. The company is a direct lender, a correspondent for life insurance companies and pension funds and one of the leading approved lenders for FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). , Fannie Mae Fannie Mae: see Federal National Mortgage Association. and Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. . In 2005, Capmark's originations were $29.9 billion. Capmark's funds and investment management platform is a highly respected manager of equity real estate and mortgage-related investments in the public and private markets with $10.8 billion in investments under management and supervision. With a portfolio of approximately $276 billion, Capmark is one of the industry's leading loan servicers. The diverse real estate finance, investments and services company has more than 100 offices and operations in North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. , Asia and Europe. For more information, visit www.gmaccm.com. GMAC Commercial Mortgage Corporation (GMACCM) makes California loans pursuant to a California Department of Corporations California Finance Lender License. GMACCM brokers California loans to other lenders pursuant to its CA Dept. of Real Estate Broker License #0039810. Property photo available upon request. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion