Through its expertise in the resort finance market and access to unregulated capital, thecompany offers a wide variety of capital solutions designed for builders and developers.
"Our research shows that resort finance partnerships are usually few in number but have tremendous opportunities for growth," says Greg Schultz, president of GMAC-RFC's Business Capital Group.
Schultz feels that resort finance is close to the company's core residential construction lending businesses, and takes advantage of the company's lending and securitization expertise.
GMAC-RFC's Business Capital Group provides unregulated capital solutions such as construction loans, project equity and model leases to leading US homebuilders and developers. Minneapolis-based GMAC-RFC, a wholly owned subsidiary of GMAC Financial Services, is a private issuer of mortgage-backed securities and home equity loan asset-backed securities as well as a large lender.
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