HORSHAM, Pa., Aug. 12 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM)
arranged $31,730,000 in permanent financing for industrial, office and retail
properties in St. Louis, MO.
The transaction was originated by GMACCM's St. Louis office. Scott
Properties received $26,730,000 in financing for a portfolio of industrial and
office buildings through GMACCM's exclusive correspondent lender relationship
with State Farm Insurance Companies.
Westgate Associates was provided a $5,000,000 loan for the Westgate
Center, a retail shopping center in St. Louis, MO. The transaction was placed
with Country Life, also an exclusive correspondent lender.
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.
Press 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.
SOURCE GMAC Commercial Mortgage Corporation
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CONTACT:
Scott Rombach of GMAC Commercial Mortgage,
215-328-3383
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