HORSHAM, Pa., July 6 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM) has
originated $21,200,000 of mortgages on a portfolio of senior and
assisted-living housing.
The acquisition financing for two Sunrise Assisted Living facilities
closed on June 15. Sunrise received the interim funding with a 30-year
amortization and 75 percent loan to value. The first location is in Norwood,
Massachusetts. It is a 72-unit facility on 2.6 acres about 14 miles south of
Boston. The second is a 79-unit Sunrise Assisted Living home on 3.36 acres in
Columbia, Maryland. Both residences also provide an Alzheimer health care
wing.
GMACCM Vice President Philip Brooks of the Richmond office originated 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 GMACCM press releases by fax, call 800-758-5804, ext. 122720.
For more information, contact Scott Rombach, Corporate Communications of
GMAC Commercial Mortgage, 215-328-3383, or scott_rombach@gmaccm.com
SOURCE GMAC Commercial Mortgage
 back to top
Related links:
http://www.gmaccm.com
CONTACT:
Scott Rombach, Corporate Communications of
GMAC Commercial Mortgage, 215-328-3383, or
scott_rombach@gmaccm.com
|
