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GMAC Commercial Mortgage Provides $25.52 Million in Financing for a Class-A Apartment Community in Suburban Albany, New York.


ALBANY, N.Y. -- GMAC GMAC General Motors Acceptance Corporation
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 Commercial Mortgage Corporation (GMACCM) has arranged a $25,520,000 construction/permanent loan for a 236-unit, Class A apartment community located in Colonie, N.Y., an affluent suburb of Albany.

When completed, the property will feature many amenities including fully-equipped kitchens with microwaves, frost-free refrigerators and dishwasher, patios and balconies, 90 garages, and a pool.

GMACCM Senior Vice President Daniel Monte of the Upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population.  loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 office arranged the transaction through HSBC HSBC Hongkong and Shanghai Banking Corporation
HSBC Humane Society of Broward County (Florida)
HSBC Humane Society of Bay County (Bay County, Michigan) 
 Bank.

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 $240 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.

GMAC Commercial Mortgage Corporation is a licensed 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
 real estate broker.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 29, 2004
Words:240
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