HORSHAM, Pa., Jan. 19 /PRNewswire/ -- GMAC Commercial Mortgage Corp.
(GMACCM) has arranged $25,000,000 in permanent financing for a San Francisco,
California office/retail property.
The eight-story complex at 799 Market Street in San Francisco, received a
fixed-rate permanent loan from State Farm Life Insurance Company headquartered
in Bloomington, Illinois.
The structure is a mixed office and retail building constructed in 1968
and renovated in 1986. Ross Stores, Bank of America and TMP Worldwide occupy
the building, which has a total of 142,386 square-feet situated on 9.93 acres.
GMACCM Senior Vice President Joseph G. Andrada of the San Francisco office
arranged the transaction.
GMAC Commercial Mortgage, based in Horsham, PA, is a wholly owned
subsidiary of GMAC. It is the nation's leading one-stop financial resource in
the commercial mortgage banking industry. The diverse lending and servicing
specialist has more than 50 offices nationwide. GMACCM has a servicing
portfolio of over $78 billion, and provides a variety of financing products
and services including permanent, interim, and construction lending, with
specialized lending units focused on healthcare and hospitality as well as a
Small Loan division.
News releases and other information about GMAC Commercial Mortgage and its
products and services are available at http://www.gmaccm.com on the Internet.
CONTACT: Scott Rombach of GMAC Commercial Mortgage, 215-328-3383.
SOURCE GMAC Commercial Mortgage
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Related links:
http://www.gmaccm.com
Company News On-Call:
http://www.prnewswire.com/comp/122720.html or fax,
800-758-5804, ext. 122720
CONTACT:
Scott Rombach of GMAC Commercial Mortgage,
215-328-3383
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