GMAC Commercial Mortgage Corporation Arranges $24.25 Million in Refinancing for a Texas Multifamily Property.AUSTIN, Texas -- 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 $24,250,000 in permanent, fixed-rate, refinancing Refinancing An extension and/or increase in amount of existing debt. for an Austin, Texas, multifamily property. Nalle Woods Apartments, located at 4700 Capital of Texas Highway, is a Class A+, 238-unit, garden-style multifamily community. The 267,376-square-foot property is situated on approximately 24 acres. GMACCM Senior Vice President John Morran, of the Austin, Texas, 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 Nationwide Life Insurance. Nalle Woods, Ltd. received the funding. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Morran, "GMACCM was able to arrange financing for the full loan request before this new property had reached its fully stabilized occupancy levels. This transaction was attractive to GMACCM not only because Nalle Woods Apartments is an impressive property, but also because it was built by Larry Peel, one of Austin's most highly respected developers." GMAC Commercial Mortgage Corporation (GMACCM), 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 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 of more than $265 billion and provides a variety of financing products and services including permanent, interim, mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. and construction lending as well as equity capital for commercial real estate. GMACCM has specialized lending units focused on healthcare, hospitality and construction lending. 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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