HORSHAM, Pa., Feb. 5 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM) has
acquired Keystone Mortgage Partners LLC, a Phoenix-based originator and
servicer of commercial mortgages specializing in life insurance
company-originated mortgages.
This transaction unites the nation's leading commercial mortgage banker
with one of the foremost names in life company originations.
Keystone Mortgage Partners originates more than $1 billion in commercial
mortgages annually and has a servicing portfolio of over $2 billion. Terms of
the transaction were not disclosed.
Keystone Mortgage operates five production offices in Dallas and Austin,
Texas, Phoenix and Tucson, Arizona, and Las Vegas, Nevada. The company has a
servicing center in Dallas, and employs 19 loan production officers. Keystone
has key correspondent relationships with over twenty-five life insurance
companies in addition to pension funds and other institutional investors.
"The acquisition of Keystone brings us one step closer to our goal of
being the best, not just the biggest, full-service financial advisor in the
commercial real estate industry. The professionals at Keystone enjoy an
impressive array of life company relationships that reinforce our commitment
to that core segment of the mortgage banking business. We want our customers
and prospects -- and even our competitors -- to understand that all of our
products and services are built upon the same foundation of excellence and I
believe this acquisition underscores that commitment," said Harold Purcell,
Executive Vice President of Retail Production for GMAC Commercial Mortgage.
William Ross and Jeff Covill of Keystone noted, "We are very excited about
being able to offer our borrowers an even broader array of financing options,
continuing our focus of delivering optimum financing."
GMAC Commercial Mortgage is the leading U.S. financial solutions provider
servicing commercial restate borrowers and investors seeking
relationship-based advice and consultation. GMACCM is an industry leader in
loan origination, servicing, asset management and securitization of commercial
mortgages.
Press releases and other information about GMAC Commercial Mortgage and
its products and services are available at http://www.gmaccm.com on the
Internet. For GMACCM press releases by fax, call 800-758-5804, ext. 122720.
CONTACT: Scott Rombach of GMAC Commercial Mortgage, 215-328-3383 or
Scott_Rombach@gmaccm.com.
SOURCE GMAC Commercial Mortgage
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Related links:
http://www.gmaccm.com
Company News On-Call:
http://www.prnewswire.com/comp/122720.html or fax,
800-758-5804, ext. 122720
CONTACT:
Scott Rombach of GMAC Commercial Mortgage,
215-328-3383, or Scott_Rombach@gmaccm.com
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