GMACCMGeneral Motors Acceptance Corporation Commercial Mortgage
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GMACCM vice president Irwin Boris of the New York loan origination office arranged the transaction.
GMACCM provided $42,500,000 in floating-rate refinancing for the 357-unit Marriott Hotel in Fremont, California.
GMACCM is the servicer of the loan for the future disbursement of $21,000,000 in capital expenditures, leasing commissions and tenant improvement allowances.
GMACCM 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.
GMACCM 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.
GMACCM's Hospitality Industry Division originated and underwrote the transactions in conjunction with GMACCM Vice President David M.
GMACCM is an industry leader in loan origination, servicing, asset management, investment management and technology services.
GMACCM 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.