GMAC Commercial Mortgage Corporation Arranges $36 Million in Permanent Financing for a California Retail Property.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- 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 $36,000,000 in permanent, fixed-rate, acquisition financing for a Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif., retail property. The Woodside Plaza Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , located at 1500 Woodside Road, has been renovated several times since it was built in the 1950's. The 130,000-square-foot, neighborhood shopping center is anchored by Albertsons, Ross Dress For Less and Michaels. GMACCM Vice President Joe Andrada, of the San Francisco 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 Company. Woodside Plaza Partners 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. Andrada, "GMACCM introduced the transaction to Nationwide, which quickly recognized the value of the asset. The sponsor is a previous client of Nationwide and was confident that together we'd deliver on certainty On Certainty (Über Gewissheit) is a philosophical text written by Ludwig Wittgenstein. The main theme of the work is that context plays a role in epistemology. of execution in a timely manner. "This property is a great example of a well-maintained asset that has withstood the test of time, not only due to its location, but also excellent maintenance by the seller who has owned the asset for almost 50 years." 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. 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion