GMAC Commercial Mortgage Corporation Arranges $24.5 Million in Financing for an Arizona Senior Housing Community.PRESCOTT, Ariz. -- 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 $24,500,000 in fixed-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 a Prescott, Ariz., senior housing community. Las Fuentes Resort Village, located at 1035 Scott Drive, sits on 16.04 acres and is approximately 248,186 square feet. The 240-unit community, developed by Stave Properties LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Scottsdale, Ariz., offers both independent and assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. services. GMACCM Vice President Shannon Dalton, of the Dallas Healthcare loan origination office, arranged the transaction through Fannie Mae. According to Dalton, "Through the Fannie Mae DUS DUS Driving Under Suspension (criminal charge) DUS Dwelling Unit (real estate) DUS Dynamic Underground Stripping DUS Dusseldorf, Germany - Dusseldorf (Airport Code) (TM) program, we were able to provide this existing customer with a 10-year, fixed-rate loan at a much more competitive rate than what the borrower had previously been paying." 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 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 $263 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 construction lending. News releases and other information about GMACCM, its products and services are available at www.gmaccm.com. Property photo available upon request. DUS is a trademark of Fannie Mae. |
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