GMAC Commercial Mortgage Corporation Provides a Total of $35 Million in Financing for Two Florida Hotels.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , 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 a total of $35,000,000 in fixed-rate financing for two Fla., hotels. GMACCM provided fixed-rate, acquisition financing for the five-story, full-service Renaissance Boca Raton hotel, located at 2000 NW 19th Street, Boca Raton, Fla. The 130,000-square-foot property contains 189 guestrooms including 123 king beds, 49 double beds and 17 suites. Hotel amenities include 12,803 square feet of meeting space, a full-service restaurant, a cafe, a gift shop, an outdoor swimming pool and whirlpool spa, a fitness center and 286 parking spaces. GMACCM also provided fixed-rate, refinancing for the 16-story, full-service Marriott Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. North hotel, located at 6650 North Andrews Avenue, Fort Lauderdale, Fla. The 247,000-square-foot property contains 315 guestrooms including 123 king beds, 188 double beds and four suites. Hotel amenities include 13,279 square feet of meeting space, a full-service restaurant and lounge, a gift shop, an outdoor swimming pool and whirlpool spa, a fitness center and 352 parking spaces. GMACCM's Hospitality Industry Division arranged and underwrote the transactions, and Trident-Allied Associates, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Trident-Allied Associates II, LLC received the funding. 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 $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. |
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