HORSHAM, Pa., June 30 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM)
has arranged a $108 million long-term loan to Apartment Investment and
Management Company (AIMCO) and created a Fannie Mae mega-pool security at
7.39 percent.
    The loan refinanced 27 suburban apartment complexes with 6,215 units in
Texas, Georgia, Arkansas and Nevada.  Twenty-two of the sites are located in
eleven Texas communities including Dallas, Houston, San Antonio, Austin,
Carrollton, Fort Worth, Greenville, Irving, Clute, Tyler, League City and
Denton.  The other sites include Savannah and Atlanta, Georgia, Little Rock,
Arkansas and Las Vegas, Nevada.
    GMAC Commercial Mortgage Vice President John Cannon arranged the permanent
financing.
    AIMCO is a real estate investment trust based in Denver, Colorado.  It
holds a geographically diversified portfolio of apartments, primarily in the
Southwestern, Southeastern and South Central regions of the United States.
    GMAC Commercial Mortgage is the nation's leading one-stop financial
resource in the commercial mortgage banking industry.  The diverse lending and
servicing specialist has more than 30 nationwide offices.  GMACCM has a
servicing portfolio of over $26 billion, and provides a variety of products
and resources including long-term, interim and construction financing.

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