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GMAC Commercial Mortgage Corporation Provides $70 Million in Refinancing for a New York Office Building.


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
 -- GMAC GMAC General Motors Acceptance Corporation
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 Commercial Mortgage Corporation (GMACCM) has provided $70,000,000 in fixed-rate refinancing for a New York, N.Y., office building.

120 Wall Street is a 34-story, Class A office building located in the financial district of downtown Manhattan. Tenants include several non-profit organizations such as the National Urban League, the Juvenile Diabetes juvenile diabetes
n.
Insulin-dependent diabetes.
 Foundation, AmFAR, the Center for Reproductive Law and the Jewish Child Care Association. Two of the largest for-profit tenants are Weitz & Luxenberg and Stroock & Stroock, both major law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
.

GMACCM Senior Vice President and Managing Director Bob 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, and SPI (1) (Stateful Packet Inspection) See stateful inspection.

(2) (Service Provider Interface) The programming interface for developing Windows drivers under WOSA.
, Inc. received the funding.

According to Keating, "We were able to provide the borrower, a repeat client of GMACCM, with competitive pricing as well as a flexible loan structure."

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 $263 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.

GMAC Commercial Mortgage Corporation is a licensed New York Real Estate Broker.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 5, 2005
Words:300
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