March 2005
Mortgage Banking;Mar2005, Vol. 65 Issue 6, p131
The article reports that Gmac Commercial Mortgage Corp., Horsham, Pennsylvania, arranged $107,122,000 in floating-rate refinancing for a four-property multifamily portfolio containing 1,070 units in Maryland and Virginia. The financing allows for the sale of the units in one of the properties, The Brittany Apartments in Arlington, Virginia, as condominiums. The 12-story, 408-unit community offers garage parking, public transportation, fitness center, swimming pool, secured access with security cameras, tennis courts, business center, party/activity room and concierge desk.


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