HORSHAM, Pa., Oct. 18 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM)
has arranged $17,000,000 in financing for a Scottsdale, Arizona, apartment
complex.
Sonoran Vista Apartments, LLC received a 7.85 percent acquisition loan
with a 30-year amortization for the Sonoran Vista Apartments in Scottsdale,
Arizona. The debt to service coverage is 74.7 and the loan to value is
1.25 percent. The apartment complex has 264 units, and includes a swimming
pool, whirlpool spa, sauna, and clubhouse. Additional amenities include a
conference room, media center and concierge services. The multifamily complex
is located on 13 acres at 9390 Redfield Road, and has a total of
271,000 square feet.
GMACCM Vice President Ron Peterson of the Miami 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 $72 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.
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
 back to top
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
|
