GMAC Commercial Mortgage Provides $26.75 Million in Construction Financing for Washington, D.C. Hotel Property.Business Editors WASHINGTON--(BUSINESS WIRE)--June 13, 2003 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 $26.75 million in floating-rate construction financing for a Washington, D.C., hotel. Residence Inn by Marriott Residence Inn by Marriott is a brand of extended stay hotels. The chain was launched in 1977 in Wichita, Kansas by Jack DeBoer, and acquired by Marriott International in 1987. As of April 2005, there were over 450 Residence Inn hotels in the United States, Canada and Mexico. - Capitol is located at 333 East Street SW. The 233-suite hotel will be housed in a 13-story, limited-service facility, including an underground parking structure accommodating 100 parking spaces. The property has a total of 235,900 square-feet and is situated on .62 acres. Amenities include a complimentary dining area, gift shop, indoor swimming pool and hot tub, exercise room, guest laundry facility and a meeting area of approximately 1,545 square-feet. The property will be constructed by Donohoe Development Company in conjunction with Four Fires Four Fires is a novel written by Bryce Courtenay. It tells the story of the Maloney family, living in country Victoria in the 1940's. It is based on a Victorian town called Yankalillee, which is in the Wangaratta - Wodonga Area. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a partnership comprised of four tribal governments: Forest County Potawatomi Community, Oneida Tribe of Indians of Wisconsin, San Manuel San Manuel may refer to the following places:
The GMACCM Hospitality Industry Division of Washington, D.C., arranged the transaction. Southwest Capitol Associates, LLC received the funding. GMAC Commercial Mortgage Corporation (GMACCM), a wholly-owned subsidiary 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 exceeding $166 billion and provides a variety of financing products and services including permanent, interim, mezzanine and construction lending as well as equity capital. GMACCM has specialized lending units focused on healthcare, hospitality and franchise and equipment lending. News releases and other information about GMACCM, its products and services are available at www.gmaccm.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion