HORSHAM, Pa., July 8 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM) has
arranged $18,500,000 in financing for the Penn Mar shopping center in
Forestville, Maryland.
    The borrower is Penn Mar Limited Liability Corporation, a Delaware-based
joint venture between CAP II Foreclosure Corp. and Rappaport Management Co.
David Harvey, Vice President and Branch Manager of GMACCM's Cincinnati office,
arranged the refinancing.
    The three-year, interest-only loan will refinance existing shopping center
debt.  The property is owned by ING Barings Capital Corporation, the parent
company of CAP II Foreclosure Corp.
    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 long-term, interim and construction financing.

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