X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-The Residence Inn Vermont Avenue here has received $27 million in adjustable-rate acquisition financing. GMAC Commercial Mortgage Corp. arranged the financing for the 202-unit hotel with 158,000 sf of space. Specifically, GMACCM Hospitality Industry Division here arranged the transaction, and RIDC LLC received the financing.

The hotel is a 12-story facility located on .37 acres. It was renovated in 1999.

GMAC Commercial Mortgage is a wholly-owned subsidiary of GMAC Commercial Holding Corp. GMACCM originates loans, offers loan servicing, handles asset management and arranges the securitization of commercial mortgages. It has a servicing portfolio of more than $105 billion. It also offers permanent, interim and construction lending and has specialized lending units in healthcare, hospitality and e-commerce offerings through Internet commercial mortgage lending.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.