Ara Capital Delivers Gmac Mexico’s First Dollar-denominated Cash out Mortgage (2007-04-30)
ARA Capital recently completed Mexico’s first dollar-denominated cash out mortgage for GMAC. The ARA client, a U.S. citizen, received cash from equity in his home in the amount of $510,000. The home is located in picturesque Puerto Aventuras, in the state of Quintanna Roo, Mexico.