GMAC arranges seven loans in five states.Horsham, Pennsylvania-based 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 recently arranged seven loans to long term care operators: * $4.7 million in financing for Retirement and Nursing Center, a 157-bed SNF SNF abbr. skilled nursing facility SNF solids-not-fat; a comment on the composition of milk. in Austin, Texas. The permanent loan has a fixed interest rate of 8.27 percent and a 25-year amortization. The DSC (1) (Digital Signal Controller) A microcontroller and DSP combined on the same chip. It adds the interrupt-driven capabilities normally associated with a microcontroller to a DSP, which typically functions as a continuous process. See microcontroller and DSP. is 1.35 and the LTV LTV See: Loan-to-value ratio is 80 percent. * $2.6 million in financing for Highland Pines Nursing Home, a 171-bed SNF in Longview, Texas. The interim financing Interim financing A short-term loan made to a company on the condition that a takeout will follow with long-term or intermediate financing. interim financing The financing that supports a transaction until permanent financing can be arranged. has a floating interest rate and an interest-only amortization. The DSC is 1.0 times for the first year, 1.20 the second, and 1.35 the third. The LTV is 80 percent. * $34.5 million in financing for four Camlu Senior Assisted Living campuses in Arizona, Texas, and Nevada. The permanent loan has a fixed interest rate of 7.14 percent and a 25-year amortization. * About $2.5 million in financing for Pacific Care Center, a 118-bed SNF in Hoquiam, Washington. The LTV is 74.55 percent and the DSC is 1.2. * $3.2 million in financing for Sanford home, a Flushing, New York, senior housing complex providing skilled nursing, adult care, and retirement living. The loan has a fixed interest rate and a 20-year amortization. The LTV is 52 percent. |
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