HORSHAM, Pa., July 3 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM) has
arranged $28,000,000 in financing for Woodside Terrace, a retirement living
community in Redwood City, California.
    The borrower is Hillsdale Group, a limited partnership joint venture
between Woodside Terrace's incumbent general partner, The Hillsdale Group, and
The Fremont Group.
    Woodside Terrace is an upscale retirement community consisting of 193
independent living units and 81 assisted living units.  The long-term care
property has an average occupancy in excess of 90 percent.
    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 services including longterm, interim and construction financing.

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