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MARLTON, NJ-GMAC Commercial Mortgage Corp. of Horsham, PA, has arranged a $5.7 million fixed-rate loan for Designer’s Court, a shopping center property. GMACCM senior vice president Edward Riedlinger of the firm’s Philadelphia retail production office arranged the transaction through a correspondent life insurance company, Delaware Lincoln Investment Advisors.

The borrower is Designer’s Court, LP, which has owned the center since 1990. The property is currently undergoing a $1 million facelift, including a brick exterior façade in an upscale Colonial design. Designer’s Court, which is currently 100% occupied with five tenants specializing in the home furnishings category, is situated on a 6.4-acre site with 1,300 feet of frontage along NJ Route 73.

GMACCM is a wholly owned subsidiary of GMAC Commercial Holding Co. The firm has some 60 offices nationwide and a servicing portfolio exceeding $125 billion.

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