home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.



Meet Me In Monterey

Last week's commercial mortgage activity

October 29, 2001

By SAM GARCIA

Glimcher Realty Trust (NYSE: GRT), a retail REIT, announced that its operating partnership, Glimcher Properties Limited Partnership, completed the financing of a $27 million mortgage secured by Ashland Town Center in Ashland, KY. The new permanent mortgage will mature on November 11, 2011, and bears interest at a fixed rate of 7.25%. With the completion of the defeasance, the outstanding mortgages on four additional properties were released. The properties are River Valley Mall, Lancaster, OH, Southside Mall, Oneota, NY, Hocking Valley Mall, Lancaster, OH, and Linden Corners, Buffalo, NY.

Heller Healthcare Finance, Inc. of Chicago has provided first mortgage financing for the acquisition of Montchanin, a 93-unit assisted living residence in Wilmington, Delaware, by Needham-based Newton Senior Living.

GMAC Commercial Mortgage Corp. has arranged $38,800,000 in fixed-rate permanent financing for a Monterey, California hotel. The 341-unit Marriott Hotel has a total of 292,407 square-feet and is situated on 2.35 acres. San Carlos Association received the funding with a 25-year amortization.

MortgageDaily.com
GMAC also arranged $63,820,000 in fixed-rate financing for a six-property apartment portfolio located in five states. Lehman Remic II Portfolio consists of the Northwood Apartments in Florida, Shadow Brook Apartments in Utah, Stone Mountain West in Georgia, Sunrunner Apartments in Florida, Village of Pennbrook in Pennsylvania, and Woodland Village I in South Carolina. The properties have a total of 1,992-units. AIMCO was the borrower on the Freddie Mac program plus loan.

Sam Garcia has been in mortgage lending since 1980, and is managing editor of MortgageDaily.com. He also owns and operates CloseNow.com, a real estate portal site.

email: [email protected]

hosted by USANow.net

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders