GMAC Commercial Mortgage Corporation Provides $170,000,000 in Refinancing for a Portfolio of Office and Industrial Properties.RED BANK, N.J. -- 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 $170,000,000 in floating-rate, interim refinancing Refinancing An extension and/or increase in amount of existing debt. for a portfolio of office and industrial properties. The 11 properties are located in Florida, Georgia, Illinois, New Jersey, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and Texas. GMACCM Senior Vice President Robert M. Keating of the Red Bank, N.J., 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. Whitehall Funds and Lincoln Properties received the funding. Keating commented, "Our Proprietary Lending Group structured the transaction to enable the partners to continue to reposition the assets and give them the time to sell at the height of their value. The loan includes an earnout provision that provides for additional funding to the borrower if they meet leasing and net income requirements." GMAC Commercial Mortgage Corporation (GMACCM), a wholly-owned subsidiary 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 $240 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 franchise and asset backed lending. News releases and other information about GMACCM, its products and services are available at www.gmaccm.com. Property photos available upon request. |
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