(To read more on the debt and equity markets, click here.)
COLORADO SPRINGS-GMAC Commercial Mortgage Corp. recentlyprovided $27 million in fixed-rate, permanent financing for aColorado Springs apartment community. GMAC provided financing forPinnacle Apartments, a 300-unit luxury apartment community situatedon 17.73 acres of land. The complex, located at 6416 Honey Grove,was completed in 2004 and is north of Downtown Colorado Springsnear Austin Bluffs Parkway.
GMAC senior vice president Kevin McCormack and vice presidentMark Williams, both of the Denver loan origination office, arrangedthe transaction through Aegon USA Realty Advisors. AB ApartmentsLLC received the funding.
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