HORSHAM, Pa., Aug. 14 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM)
has provided over $25,000,000 in acquisition financing for five San Diego,
California, industrial parks for clients of its Phoenix office.
    The borrowing L.L.C. has a GE Capital Corporation subsidiary, and M.F.
Diessner & Company of Arizona as its members.  They received $19.8 million for
the purchase of four of the five properties.  M.F. Diessner and Company
received the $6 million balance of the funding for a property in Poway,
California.  Loan closing occurred within 21 days of application.
    The five properties have 17 buildings with more than 600,000 square-feet.
They are located in and around San Diego.
    The transaction was arranged by GMACCM Phoenix vice president Thomas
Vivaldelli and sourced by Keystone Capital, a Phoenix-area investment banker.
    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.

    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.

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