DENVER, April 15 /PRNewswire/ -- Newman & Associates today announced a
definitive agreement to acquire the assets of Quantum Financial Corporation, a
privately held Chicago area boutique investment banking firm.
Newman is a wholly owned subsidiary of GMAC Commercial Mortgage
Corporation. Financial terms of the transaction were not disclosed.
"Quantum is an ideal partner for Newman & Associates based on their track
record of solid execution, strong client relationships and private placement
focus," said Newman & Associates' President Scot B. Barker. "They are a
recognized leader in innovative, privately placed commercial mortgage
secondary market transactions."
This unit of Newman, headed by Stuart M. Salins and Conrad J. Suszynski,
will continue to operate from its suburban Chicago offices. Newman &
Associates, Inc., based in Denver, Colorado, is an investment banking firm
specializing in the securitization of real estate projects. It is the
nation's leading underwriter of tax exempt affordable housing projects. They
have offices in Washington, D.C., New Orleans, Seattle, Manhattan Beach and
San Diego.
Founded in 1991, the firm serves insurance companies, banks and other
institutional and corporate clients throughout the nation. Quantum has closed
over $1 billion dollars of structured and non-structured private transactions
since 1995.
GMAC Commercial Mortgage, based in Horsham, PA is a wholly owned
subsidiary of GMAC. It is the nation's leading one-stop financial resource in
the commercial mortgage banking industry. The diverse lending and servicing
specialist has more than 40 nationwide offices. GMACCM has a servicing
portfolio of over $70 billion, and provides a variety of financing products
and services including long-term, interim, and construction lending.
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.
For more information, contact Scott Rombach of GMAC Commercial Mortgage,
215-328-3383.
SOURCE GMAC Commercial Mortgage Corporation
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Related links:
http://www.gmaccm.com
CONTACT:
Scott Rombach of GMAC Commercial Mortgage,
215-328-3383
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