GMAC Commercial Mortgage Corporation Provides a Total of $45 Million for a Portfolio of Homewood Suites Hotels.

HORSHAM, Pa. -- GMAC Commercial Mortgage Corporation (GMACCM) has provided a total of $45,000,000 in permanent, fixed-rate refinancing for a portfolio of four Homewood Suites hotels. GMACCM provided the funding in two separate transactions, each in the amount of $22,500,000, for the four hotels located in Savannah, Ga., Jacksonville, Fla., San Jose, Calif., and Tukwila, Wash.

GMACCM's Hospitality Industry Division originated and underwrote the transactions in conjunction with GMACCM Vice President David M. Fishler, of the New York loan origination office. FTRC Hotel Partners LP and RT WACA Hotels LP received the funding.

About the properties

Homewood Suites Savannah is a 106-room, extended-stay hotel, which opened in November 1990. The hotel underwent a $1,120,000 renovation in 2002 and 2003. Situated on 3.51 acres, the hotel is comprised of 77,315 square feet. Amenities include a lobby, breakfast/reception area, 1,022 square feet of meeting space, business center, an outdoor pool, whirlpool, fitness center, sport court, small convenience store and guest laundry.

Homewood Suites Jacksonville is a 116-room, extended-stay hotel, which underwent a $1,650,000 renovation of all guest suites and public areas in 2002 and 2003. Situated on 3.88 acres, the hotel is comprised of 93,520 square feet. Amenities include a lobby, breakfast/reception area, 959 square feet of meeting space, a business center, an outdoor pool, a jacuzzi, fitness center, sport court, small convenience store and guest laundry.

Homewood Suites San Jose is a 140-room, limited-service hotel, which opened in 1992 and underwent a complete, $3,300,000 renovation of all guest suites and public areas in 2004 and 2005. Situated on 3.7 acres, the hotel is comprised of 83,485 square feet. Amenities include a business center, suite shop, sundry shop, exercise room, guest laundry room, a board room/conference room, outdoor swimming pool, whirlpool, two gas barbecue grills, sports court and a patio area.

Homewood Suites Tukwila is a 106-room, limited-service hotel, which opened in 1992, and underwent renovations totaling $2,900,000 in 2004 and 2005. Situated on 3.12 acres, the hotel is comprised of 78,277 square feet. Amenities include a business center, fitness room, a 12-person board room, sundry shop, swimming pool, whirlpool and sport court.

GMAC Commercial Mortgage is a Capmark Financial Group Inc. (Capmark) company. Formerly known as GMAC Commercial Holding Corp., Capmark is an industry leader in real estate finance, investments and services. Capmark's real estate lending and origination platform has access to multiple capital sources. The company is a direct lender, a correspondent for life insurance companies and pension funds and one of the leading approved lenders for FHA, Fannie Mae and Freddie Mac. In 2005, Capmark's originations were $29.9 billion.

Capmark's funds and investment management platform is a highly respected manager of equity real estate and mortgage-related investments in the public and private markets with $10.8 billion in investments under management and supervision.

With a portfolio of approximately $276 billion, Capmark is one of the industry's leading loan servicers.

The diverse real estate finance, investments and services company has more than 100 offices and operations in North American, Asia and Europe. For more information, visit www.gmaccm.com.

GMAC Commercial Mortgage Corporation is a licensed New York Real Estate Broker.