HORSHAM, Pa., JULY 2 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM)
arranged a $75 million financing with MSGW Real Estate Fund II -- a joint
venture between Morgan Stanley Real Estate Fund II and Gale & Wentworth.
The arrangement will provide immediate financing for five individual
office and industrial buildings in Parsippany, Paramus and Fairfield, New
Jersey, along with a line of credit for financing future commercial office and
industrial acquisitions, which will also be located primarily in New Jersey.
GMAC Commercial Mortgage is the nation's leading one-stop financial
resource in the commercial mortgage banking industry. The multifamily and
commercial lending specialist has more than 30 offices nationwide. GMACCM has
a servicing portfolio of over $26 billion, and provides a variety of products
and services including construction, interim and long-term financing.
SOURCE GMAC Commercial Mortgage Corporation
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CONTACT:
Scott Rombach of GMAC Commercial Mortgage,
215-328-3383
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