HORSHAM, Pa., Aug. 14 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM)
has provided $32,676,000 in financing for the Rhode Island headquarters of FM
Global.
Pitney Bowes Real Estate, the borrower, received fixed-rate permanent
financing for the FM Global Headquarters. The three-story building, which has
a total of 340,000 square-feet, sits on 25.85 acres. The building formerly
housed the Allendale Life Insurance Headquarters until 1999 when three other
insurance companies merged with Allendale to form FM Global.
GMACCM Vice President Marvin Hill and the Retail Group of GMACCM's
Washington, D.C. office arranged the transaction.
GMAC Commercial Mortgage, based in Horsham is a wholly-owned subsidiary of
GMAC Commercial Holding Corp. It is the nation's leading one-stop financial
resource for the commercial real estate industry. The diverse lending,
servicing and securitization specialist has more than 50 offices nationwide
and operations in Canada, Japan, Ireland and France. GMACCM has a servicing
portfolio of over $81 billion, and provides a variety of financing products
and services including permanent, interim, and construction financing, with
specialized lending units focused on healthcare and hospitality as well as
e-commerce offerings through the Internet. It is also the nation's largest
Fannie Mae and Freddie Mac servicer.
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 (215) 328-3383
Scott_Rombach@gmaccm.com
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 or Scott_Rombach@gmaccm.com
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