The one-story industrial facility is located at 1001 South Trooper Rd. The office property is a single-story, class A building at 2501 Monroe Blvd.
Owen J. Maguire, VP of GMACCM's Philadelphia loan origination office, arranged the financing transaction through his company's proprietary lending group. He describes the loan as having "a very flexible structure that enabled the borrower to access an additional $1.5 million in loan proceeds." According to Maguire, "the proceeds will partially pay for the future expansion of one of the buildings. GMACCM was attracted to this financing opportunity," he says, "by the owner's extensive experience with properties of this type."
GMACCM is a subsidiary of Horsham-based GMAC Commercial Holding Corp. and has affiliates in more than 100 offices worldwide. Its current servicing portfolio exceeds more than $245 billion. The financial services firm provides a variety of financing products and services, including permanent, interim, mezzanine, and construction lending as well as equity capital.
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