Regions Midwest | Detroit
May 9, 2008
An 10-Q filing has confirmed GM's buy of three properties, including its Detroit, Michigan-based corporate headquarters, for a total of $826 million. The headquarters cost $626 million. The other $200 million went for Pontiac and Michigan-based administrative offices, according to the filing. In addition, the SEC filing reported that GMAC Financial Services was issuing a $3.5 billion senior secured credit facility to its wholly owned subsidiary Residential Capital L.L.C. or ResCap.
An 10-Q filing has confirmed GM's buy of three properties, including its Detroit, Michigan-based corporate headquarters, for a total of $826 million. The headquarters cost $626 million. The other $200 million went for Pontiac and Michigan-based administrative offices, according to the filing. In addition, the SEC filing reported that GMAC Financial Services was issuing a $3.5 billion senior secured credit facility to its wholly owned subsidiary Residential Capital L.L.C. or ResCap.
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