(To read more on the debt and equity markets, click here.)
ATLANTA-GMAC Commercial Mortgage Corp. has closed three area loans totaling $35.75 million. The largest financing package went to Wells Real Estate Fund Inc. which received a total $28.5 million in acquisition financing for its 143,767-sf headquarters building. The seven-story property is at 6200 the Corners Parkway in suburban Norcross.
The funding comprised $25 million in fixed-rate senior debt and a $3.5-million floating rate mezzanine loan. GMAC didn't identify the seller of the 16-acre property.
In addition, Kim King Associates, headed by Beau King, received a $3.5-million, permanent fixed-rate loan on a 15,092-sf building occupied by Office Depot at 859 Spring St.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
