HORSHAM, PA— GMAC Commercial Mortgage Corp. has arranged $24,000,000 in fixed-rate financing for the Melrose Hotel in Dallas. The hotel, which is situated on 2.75 acres of land, consists of 184 oversized guestrooms and 4,965 square feet of meeting space, which includes a 2,400-square-foot ballroom. GMACCM Vice President Steve Doherty, of the Philadelphia retail production office, arranged the transaction through Delaware Lincoln Investment Advisers.
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