GMAC Commercial Mortgage Corporation Provides $50 Million in Acquisition Financing for a Texas Office Building.HOUSTON -- 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 more than $50 million in fixed-rate, acquisition financing for a Houston office building. One Riverway Building is located at One Riverway Drive. The 481,222-square-foot office building is situated on 28 acres adjacent to the Buffalo Bayou Buffalo Bayou is a main waterway flowing through Houston, Texas, USA. It begins on the west side of the city and flows east to the Houston Ship Channel. Along the way the bayou accents several major parks and numerous smaller neighborhood parks. . The property is one of the four major office buildings on the site which also includes the Omni Hotel, a widely acclaimed luxury hotel. GMACCM Senior Vice President Ed Zimbler of the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. 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 and Senior Vice President - Branch Manager Jim Adams Jim Adams born (James Adams) is an American heavy metal guitarist. His is best known for being lead guitarist for thrash metal band Defiance. Joining the band in 1985, Adams quickly became an integral member of the band, co-writing much of their material and playing on all three of of the Houston loan origination office arranged the transaction through GMACCM's Proprietary Lending Group. Unilev Capital Corporation received the funding. Zimbler commented, "We are pleased to provide this financing for Unilev, a significant owner of Houston real estate. Danny and Raymond Levy of Unilev are respected, long-term clients for whom we have provided financing both as an intermediary and as a principal. The One Riverway loan was provided by GMACCM as a principal using our proprietary funds." 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 $249 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. |
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