GMAC Commercial Mortgage Corporation Provides $52.4 Million in Acquisition Financing for a Hotel Portfolio.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 $52,400,000 in permanent, fixed-rate, acquisition financing for a three-property hotel portfolio including the Hilton Suites Anaheim/Orange, Hilton Suites Phoenix and Embassy Suites Beachwood. The Hilton Suites Anaheim/Orange, located at 400 North State College Boulevard, Orange, Calif., is situated on 3.00 acres. The 221,284-square-foot hotel consists of 230 rooms, two restaurants, a lounge, an indoor and outdoor swimming pool, a whirlpool spa, an exercise room, a sauna, a gift shop and a business center. The 226-room Hilton Suites Phoenix, located at 10 East Thomas Road, Phoenix, Ariz., is situated on 1.42 acres. The 191,120-square-foot hotel consists of one eleven-story building. Amenities include a business center, an indoor swimming pool, a spa, an exercise room and a sundry sun·dry adj. Various; miscellaneous: a purse containing keys, wallet, and sundry items. [Middle English sundri, from Old English syndrig, separate. shop. The 216-room Embassy Suites Beachwood by Hilton is located at 3775 Park East Drive, Beachwood, Ohio Beachwood is a city in Cuyahoga County, Ohio, United States. It is a suburb of Cleveland. The population was 12,186 at the 2000 census. Geography Beachwood is located at (41.482226, -81.504001)GR1. . The 180,000-square-foot hotel consists of one four-story building situated on 6.14 acres. Amenities include an in-ground swimming pool, a spa, an exercise room, a sauna, a gift shop, a laundry room A laundry room (also called a utility room) is a room where clothes are washed. In a modern home, a laundry room would be equipped with an automatic washing machine and clothes dryer,and often a large basin, called a laundry tub, for hand-washing delicate articles of clothing such , a game room and a business center. GMACCM's Hospitality Industry Division arranged and underwrote the transaction, and an entity controlled by RLJ RLJ Regiment Limburgse Jagers (Dutch Army Regiment) RLJ Russian Language Journal RLJ Radio Limonadovy Joe (Czech Internet radio) RLJ Russian Livejournal Community (website) Urban Lodging Fund, Inc. received the funding. This is the first deal between RLJ and GMACCM. 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 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. , 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. Property photos available upon request. |
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