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HORSHAM, Pa.--(BUSINESS WIRE)--June 6, 2001--GMAC Commercial Mortgage Corp. (GMACCM) has arranged $19,500,000 in permanent fixed-rate refinancing for an office building in South Brunswick, New Jersey.
The three-story Princeton Park Office Center received the funding with a 30-year amortization. Princeton Park Associates, LLC was the borrower. The property, comprised of 187, 069 square feet, is situated on 23 acres.
GMACCM Vice President John D. Motzel of the Red Bank, New Jersey office arranged the transaction.
GMAC Commercial Mortgage, a wholly owned subsidiary of GMAC Commercial Holding Corp, is the leading U.S. financial solutions provider servicing commercial restate borrowers and investors seeking relationship-based advice and consultation. GMACCM is an industry leader in loan origination, servicing, asset management and securitization of commercial mortgages.
The diverse lending and servicing specialist has more than 50 offices nationwide.
GMACCM has a servicing portfolio of over $98 billion, and provides a variety of financing products and services including permanent, interim, and construction lending, with specialized lending units focused on healthcare and hospitality as well as e-commerce offerings through Internet commercial mortgage lending.
News releases and other information about GMAC Commercial Mortgage and its products and services are available at http://www.gmaccm.com on the Internet.
CONTACT: GMAC Commercial Mortgage Corp.
Scott Rombach, 215/328-3383
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