The new Equipment Finance Group will initially focus on providing financing for critical hospitality industry equipment including items from furniture to softgoods. They will eventually support other GMACCM business groups by providing short-term finance and leasing products. The group, based in Atlanta, GA, will operate as part of GMACCM’s Hospitality Division in Vienna, VA.
Managing the new operation is GMACCM Senior Vice President Jon Wright. He is a commercial real estate professional and a nine-year veteran of Holiday Inn Worldwide (Holiday Hospitality Corp.). At Holiday Inn, he was managing Director of the company’s financing subsidiary, which provided loans and leases to Holiday Inn and Crowne Plaza brand franchise owners.
Joining Wright are Vice President of Business Development, James Grant and Vice President of Operations, John Hopkins. Grant was most recently with Holiday Inn Worldwide as Manager of Business Development for the financing subsidiary. Prior to that he was a Supervisory Business Loan officer for the Small Business Administration. Hopkins recently served with First Tennessee Bank. He is an 11-year veteran of Holiday Inn Worldwide, where he held management positions in franchise credit, accounting, internal audit and operations.
GMAC Commercial Mortgage is the nation’s leading one-stop financial resource in the commercial mortgage banking industry. The diverse lending and servicing specialist has 34 nationwide offices, and a servicing portfolio of more than $28 billion. The company provides a variety of products and resources including long-term, interim and construction financing.
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