vice president Irwin Boris of the New York loan origination office arranged the transaction.
provided $42,500,000 in floating-rate refinancing for the 357-unit Marriott Hotel in Fremont, California.
is the servicer of the loan for the future disbursement of $21,000,000 in capital expenditures, leasing commissions and tenant improvement allowances.
has been very successful in working with Freddie Mac in the Greater Boston market having closed more than $300 million in transactions over the last five years.
According to Hilbush, "This was a complex transaction in which the GMACCM
team understood the borrower's business plan.
brokers California loans to other lenders pursuant to its CA Dept.
As of the same date, GMACCM
was named master servicer on 164 CMBS transactions totaling $107.
's Hospitality Industry Division originated and underwrote the transactions in conjunction with GMACCM
Vice President David M.
is an industry leader in loan origination, servicing, asset management, investment management and technology services.
Senior Vice President and Branch Manager Scott Dow, of the Boston loan origination office, arranged the transaction.
According to GMACCM
Vice President and Branch Manager Marc Yavinsky, of the Boca Raton loan origination office, "GMACCM
is very proud to work with an upscale property such as Downtown at the Gardens.
E[acute accent]According to Motzel, "This repeat borrower of GMACCM
required a quick turnaround.