GMAC Commercial Mortgage Corporation Provides a $144 Million Financing Package for ChampionsGate Hotel and Golf Resort.ORLANDO, Fla. -- 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 $144,000,000 in interim, floating-rate refinancing for the Omni ChampionsGate Hotel, the 36-hole, Greg Norman Noun 1. Greg Norman - Australian golfer (born in 1955) Gregory John Norman, Norman signature ChampionsGate Golf Resort and ChampionsGate master-planned community in Orlando, Fla. GMACCM's Hospitality Industry and Commercial Ventures Divisions underwrote and financed the transaction for the borrowers, affiliates of Apollo Real Estate Advisors and RIDA rida see scrapie. Development. The loan refinances an $80,000,000 construction mini-perm loan provided by GMACCM and Colonial Bank Colonial Bank, a subsidiary of Colonial Bancgroup Inc. NYSE: CNB, is headquartered in Montgomery, Alabama. Colonial Bank has 300 branches in the states of Alabama, Georgia, Florida, Nevada and Texas. Its common stock is traded on the NYSE under the symbol CNB. , pays off an approximate $20,000,000 mezzanine loan A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure (e.g., third lien on the property but non-recourse vis-a-vis the borrower). provided by Omni Hotels Omni Hotels is a privately owned upscale hotel company based in Irving, Texas. Omni currently owns and/or manages 36 properties of which 4 are resorts. The company also has 2 franchise properties (Newport News, VA and Philadelphia, PA). Corporation, and refinances a $34,000,000 mezzanine loan provided by GMACCM's Commercial Ventures Division. The original financing closed in October 2002. The Omni ChampionsGate Hotel has a full-service conference center with approximately 80,000 square feet of meeting space, including a 24,631-square-foot ballroom and a 19,315-square-foot junior ballroom. Food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. facilities include a lobby bar, a fine dining restaurant, a casual restaurant, a club-style steakhouse, gourmet deli, and poolside bar & grill. Additional amenities include a 7,200-square-foot spa and fitness facility, two tennis courts, a formal swimming pool, as well as an activity pool with water slides and a lazy river. The ChampionsGate Golf Resort has two 18-hole, Greg Norman-designed golf courses known as The National and The International. Golf amenities include a 30,000-square-foot clubhouse with panoramic views of both courses, a restaurant, pro shop, driving range and putting greens. A nine-hole executive course is under construction, with completion expected in mid-November. Additionally, the Golf Academy at ChampionsGate has been designated as the personal teaching headquarters for David Leadbetter People called David or Dave Leadbetter include:
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 $241 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 franchise and asset backed 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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