"Freddie Mac demonstrated incredible flexibility and strong pricing in structuring a loan that met the borrower's needs," GMACCM vice president and area branch manager Arthur T. Gormley III says. According to city records, the half-century-old property has a current assessed value of just more than $13 million. The property has vacancy rates in the area at about 2.5%, according to Real Data's recent Norfolk-Virginia Beach-Newport News Market Update.
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