GMAC Increases 111 S. Wacker Loan to $270M

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Last updated: April 7, 2005 02:52pm

GMAC Increases 111 S. Wacker Loan to $270M

By Mark Ruda

CHICAGO-A five-year, floating-rate loan from Landesbank Hessen Thuringen (Helaba) Bank and Anglo-Irish Bank PLC replaces the construction loan for the one-million-sf, 51-story building. GMAC Commercial Mortgage Corp. arranges the new debt two years after doing the construction deal.

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