GMAC Commercial Mortgage Corporation Provided $20.85 Million in Financing for a Texas Multifamily Property.DALLAS -- 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 provided $20,850,000 in floating-rate, acquisition financing for a Plano, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S. , multifamily property. Located at 5900 Baywater Drive, Echelon at Lakeside is comprised of 30 two-story buildings containing 181 units with an average size of 1,583 square feet. This Class A property also includes direct access garages. GMACCM Senior Vice President Mike Bryant Michael James Bryant (Mike Bryant) (born May 1, 1960, High Wycombe, Buckinghamshire, England[1]) is an English electronic musician and one of the co-founders of the electronic music group Fluke along with Jon Fugler and Mike Tournier. , of the Dallas 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 GMACCM's Proprietary Lending Group. Lakeside Baywater Enterprises Limited Partnership 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. Bryant, "GMACCM was able to provide a quick turnaround for the borrower and secure an 18-month, interest-only bridge loan with a six-month extension. This financing enables the borrower to sell the subject property on the open market." 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 $257 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. |
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