HORSHAM, Pa., May 24 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM) has
arranged $53,500,000 in financing for a Minneapolis, Minnesota, apartment
complex.
The 351-unit Calhoun Beach Club Apartments are located on 3.5 acres at
2925 Dean Parkway. The borrower, AIMCO Properties LP, received permanent,
fixed rate funding with a 20-year amortization. Complex amenities include a
health club, valet services, swimming pool and private restaurant. The
property has a total of 597,567 square feet.
GMACCM Vice President John Cannon of the Philadelphia, PA, office arranged
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.
Press releases and other information about GMAC Commercial Mortgage and
its products and services are available at http://www.gmaccm.com on the
Internet. For GMACCM press releases by fax, call 800-758-5804, ext. 122720.
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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