HORSHAM, Pa., May 21 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM) has
arranged $24,000,000 in financing for a Chesapeake, Virginia apartment
complex.
The 619-unit Holly Point Apartments are located at 2412 Holly Point Road.
The borrower received permanent, fixed rate funding for the property. Complex
amenities include a clubhouse with fitness center, sauna, jacuzzi, and
swimming pool, along with a putting green, tennis courts, playground, and a
car washing facility and a gazebo with a grill and sitting area.
GMACCM Vice President and Branch Manager Arthur Gormley of the Virginia
Beach, VA office arranged the financing for 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 40 nationwide offices. GMACCM has a servicing
portfolio of over $70 billion, and provides a variety of financing products
and services including long-term, interim, and construction lending.
News releases and other information about GMAC Commercial Mortgage and its
products and services are available at http://www.gmaccm.com on the Internet.
For more information, contact Scott Rombach of GMAC Commercial Mortgage,
215-328-3383.
SOURCE GMAC Commercial Mortgage Corporation
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Related links:
http://www.gmaccm.com
CONTACT:
Scott Rombach of GMAC Commercial Mortgage,
215-328-3383
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