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GMAC Commercial Mortgage Provides $85 Million in Refinancing for California Hotel Property.


Business Editors/Real Estate Writers

HUNTINGTON BEACH Huntington Beach, city (1990 pop. 181,519), Orange co., S Calif., on the Pacific coast, across from Santa Catalina Island, in an oil-producing area; inc. 1909. It manufactures aerospace vehicles, aircraft parts, optical instruments, and heat transfer equipment. , Calif.--(BUSINESS WIRE)--June 13, 2003

GMAC GMAC General Motors Acceptance Corporation
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 Commercial Mortgage Corporation (GMACCM) has provided $85 million in floating-rate interim refinancing for a Huntington Beach, Calif., hotel.

Hyatt Regency Resort & Spa is located at 21500 Pacific Coast Highway Pacific Coast Highway may refer to:
  • Pacific Coast Highway (United States), a segment of State Route 1 in California
  • Pacific Coast Highway (New Zealand), a 420 kilometre highway http://www.newzealand.
. The 517-suite hotel has a total of 495,000 square-feet and is situated on 15 acres. Amenities include a full-service spa, outdoor swimming pool and four whirlpools, fitness center, salon, beach access, three restaurants, bar/lounge, retail shops and conference center.

The GMACCM Hospitality Industry Division of Washington, D.C., arranged the transaction. PCH PCH Paroxysmal cold hemoglobinuria, see there  Beach Resort, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 received the funding.

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 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 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.

GMAC Commercial Mortgage Corporation (GMACCM) makes California loans pursuant to a California Department of Corporations California Finance Lender License. GMACCM brokers California loans to other lenders pursuant to its CA Dept. of Real Estate Broker License #0039810.

News releases and other information about GMACCM, its products and services are available at www.gmaccm.com.
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Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 13, 2003
Words:282
Previous Article:GMAC Commercial Mortgage Provides $26.75 Million in Construction Financing for Washington, D.C. Hotel Property.
Next Article:National Home Health Care Corp. Announces Operating Results for Its Fiscal Third Quarter Ended April 30, 2003.
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