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Article: GMAC Commercial Mortgage Corporation Provides $219.225 Million in Construction Financing for a Florida Condominium.
- Article from:
- Business Wire
- Article date:
- November 14, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ORLANDO, Fla. -- GMAC Commercial Mortgage Corporation (GMACCM) has provided $219,225,000 in floating-rate, construction financing for an Orlando, Fla., condominium.
The Villas at Reunion Square will be constructed on a 48.8 acre parcel of land, and upon completion, will contain 798,500 square feet and 504 units, which were 100 percent pre-sold. Amenities include three 18-hole golf courses, horse stables and a water pavilion. The property will be located in Southwest Orlando, near Disney World, in the 2,300 acre Reunion development, which is comprised of single-family homes and condos.
GMACCM Vice President Jack Martinez of the Orlando loan origination ...