Permanent Financing for a California Industrial Park
SACRAMENTO, Calif.--(BUSINESS WIRE)--April 20, 2006
GMAC Commercial Mortgage Corporation (GMACCM) has
arranged $23,000,000 in permanent, fixed-rate financing for a
Sacramento, Calif., industrial park.
The 376,038-square-foot Natomas Commerce Center is comprised of
six industrial buildings. The properties are located at 1014 W North
Market Boulevard, 1164, 1166 and 1168 W National Drive and 4105 and
4119 South Market Court. Natomas Commerce Center is currently 81
GMACCM Vice President John Fett, of the Sacramento, Calif., loan
origination office, arranged the transaction through a correspondent
life insurance company. Harsch Investment Properties, LLC received the
According to Fett, "We provided an aggressive loan quote and
proceeds on a property still achieving complete lease up."
GMACCM has completed $750 million in transactions in the
Sacramento, Calif., market since the opening an office there in 2000.
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.
Property photo available upon request.
GMAC Commercial Mortgage Corporation (GMACCM) makes California
loans pursuant to a California Department of Corporations California
Finance Lender License. GMACCM brokers California loans to other
lenders pursuant to its CA Dept. of Real Estate Broker License
GMAC Commercial Mortgage Corporation (GMACCM)
Joyce Patterson, 215-328-3842
Courtney Robinson, 215-328-3381
Press spacebar to pause and continue. Press esc to stop.