HORSHAM, Pa., Dec. 3 /PRNewswire/ -- GMAC Commercial Mortgage Corporation
(GMACCM) has arranged $28,500,000 in financing for three Tennessee apartment
properties.
The British Woods Apartments and Highland Ridge complexes in Nashville and
the Andover Apartments in Knoxville received fixed rate 7.73 percent permanent
financing with a 30-year amortization. The three properties have a total of
814 units.
GMACCM Vice President Michael Duggan, the St. Louis 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 $74 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.
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
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
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