John D. Motzel, vice president in the Red Bank, NJ office of GMAC Commercial Mortgage Corp., arranged the transaction. Horsham, PA-based GMACCM, a wholly owned subsidiary of GMAC Commercial Holding Corp., has a servicing portfolio of more than $98 billion. The company provides a variety of financing products and services, ranging from permanent, interim and construction lending, to specialized lending units and Internet commercial lending.
The refinancing package for the three-story Princeton Park Corporate Center carries a 30-year amortization. The interest rate was not disclosed.
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