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GMAC Closes Three Loans for Nearly $36M

ATLANTA-Among the deals, Wells Real Estate Fund Inc. receives $28.5 million to buy its 143,767-sf headquarters building in suburban Norcross.

By Alex Finkelstein | Updated on March 02, 2006

(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.

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