HORSHAM, Pa., Feb. 3 /PRNewswire/ -- GMAC Commercial Mortgage Corp.
(GMACCM) has arranged $42,200,000 in permanent financing for the purchase of a
Whitehall-Zamlas regional mall portfolio.
The borrower, Whitehall Street Real Estate Ltd. Partnership and Zamlas
Services, Inc., received preferred equity financing with a floating interest-
rate for a Whitehall Street Fund to purchase the six-mall portfolio. The six
regional malls are located in Louisiana, Texas, New Mexico, and Oklahoma and
comprise a total of 3.8 million square-feet of retail space.
GMACCM Vice President Bob Keating of the Red Bank, New Jersey 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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