Acquisition Financing for Three Office Properties within a Florida Office Park
ORLANDO, Fla.--(BUSINESS WIRE)--April 12, 2006
GMAC Commercial Mortgage Corporation (GMACCM) has
arranged $27,000,000 in fixed-rate, acquisition financing for three
office properties within an Orlando, Fla., office park.
The three single-story properties--Discovery Tech, Challenger III
and Challenger IV--are located at 2800 Discovery Lane, 2603 Challenger
Tech Court and 12661 Challenger Parkway, respectively. The properties
are located within the Central Florida Research Park. Tenants among
the buildings include Alcon Laboratories, Aegis, Lightpath
Technologies, Raytheon, Florida Technical College, Sears and Roebuck,
GMACCM Vice Presidents Barbara Bozzacco and Saul Hoppenstein, both
of the Boca Raton, Fla., loan origination office, arranged the
transaction through LaSalle Bank. Marcent International received the
According to Bozzacco, "GMACCM delivered what we promised, when we
GMAC Commercial Mortgage is a Capmark Financial Group Inc.
(Capmark) company. Formerly known as GMAC Commercial Holding Corp.,
Capmark is an industry leader in real estate finance, investments and
services. Capmark's real estate lending and origination platform has
access to multiple capital sources. The company is a direct lender, a
correspondent for life insurance companies and pension funds and one
of the leading approved lenders for FHA, Fannie Mae and Freddie Mac.
In 2005, Capmark's originations were $29.9 billion.
Capmark's funds and investment management platform is a highly
respected manager of equity real estate and mortgage-related
investments in the public and private markets with $10.8 billion in
investments under management and supervision.
With a portfolio of approximately $285 billion, Capmark is one of
the industry's leading loan servicers.
The diverse real estate finance, investments and services company
has more than 100 offices and operations in North America, Asia and
Europe. For more information, visit www.gmaccm.com.
GMAC Commercial Mortgage Corporation (GMACCM)
Joyce Patterson, 215-328-3842
Courtney Robinson, 215-328-3381
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