Formerly a warehouse building, the asset is currently 100%leased to American Water Works. The MRD Limited Partnership, theowner of the facility, received the funding.
GMACCM vice president Warren Higgins, based in the firm'sPhiladelphia retail production office, arranged the transaction.The financing was provided through Sun Life of Canada, a GMACCMcorrespondent lender.
GMAC Commercial Mortgage is a wholly owned subsidiary of GMACCommercial Holding Corp. The firm has a servicing portfolio of morethan $125 billion.
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