GMAC Commercial Mortgage Corporation Provides $25 Million in Permanent Financing for a Virginia Hotel.WASHINGTON -- 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 $25,000,000 in permanent, fixed-rate financing for an Alexandria, Va., hotel. The Hampton Inn, located at 5821 Richmond Highway, is a 90,579-square-foot hotel situated on 2.12 acres and containing 156 suites. Amenities include 4,453 square feet of meeting space, complimentary breakfast, an outdoor pool, exercise room, a gift shop and daily shuttle service to the airport and other local destinations. This loan will enable the construction of a seven-story, 41,464-square-foot addition that will contain 57 suites, a business center, management offices a breakfast area, suite shop and pantry. Upon completion, the hotel brand will change from a Hampton Inn to a Hampton Inn & Suites. GMACCM Vice President David M. Fishler, of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 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 Hospitality Industry Division. Alexandria Hotel Associates, L.C. 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. Fishler, "This highly structured transaction represents the third hospitality-related loan between GMACCM and the borrower in 2005. To date we have funded more than $50,000,000 in loans for this borrower." 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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