HORSHAM, PA GMAC Commercial Mortgage Corp. has arranged $36 million in fixed-rate financing for an eight-property Equity Inns hotel portfolio. EQI Financing Partnership V, the borrower, received fixed-rate financing at an 8.25% interest rate with a 25-year amortization to finance the portfolio consisting of eight limited service and extended stay hotel properties located in eight states. The $36 million loan is cross-collateralized and cross-defaulted by first trust liens on the eight hotels. (1/10/01)
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