HORSHAM, Pa., Sept. 9 /PRNewswire/ -- GMAC Commercial Mortgage Company
(GMACCM) today announced its entry into the agricultural lending business with
the creation of "Farmer's Advantage," a program to provide loan services to
farmers and the agricultural community nationwide.
Through regional offices in Louisville, Omaha and Sacramento and loan
offices in agricultural communities across the country, "Farmer's Advantage"
will provide financing for agricultural real estate and facilities and will
provide refinancing of existing loans as well as working with agricultural
lenders as a conduit for these loans. "Farmer's Advantage" will be
headquartered in Louisville.
"With `Farmers Advantage,' GMACCM brings to the vital agricultural sector
seasoned experts in agricultural lending combined with a 75-year history of
broad leadership in the financial services industry," said Stephen Hale, Sr.
Vice President of GMACCM.
"When agricultural borrowers call on `Farmer's Advantage' specialists,
they will quickly learn that they are dealing with people who know agriculture
and the local agricultural marketplace. Our specialists will work with
borrowers and other agricultural lenders to design packages that feature
flexible loan products, competitive rates and terms, and quick answers to take
advantage of local opportunities," Hale said.
"For years, GM and GMAC companies have provided billions of dollars to
help thousands of American families and businesses to build their dreams.
Now, we are extending that opportunity to the many farmers, ranchers,
agricultural businesses and other agricultural lenders across the land," Hale
said.
GMACCM based in Horsham, PA is a wholly owned subsidiary of General Motors
Acceptance Corporation. It is America's leading one-stop financial resource
in the commercial mortgage banking industry. The diverse lending and
servicing specialist has a servicing portfolio of more than $48 billion, and
offers a variety of products and resources including long-term, interim, and
construction financing from more than 40 offices across the U.S. GMACCM is a
wholly owned subsidiary of GMAC Financial Services.
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.
SOURCE GMAC Commercial Mortgage Corporation
 back to top
Related links:
http://www.gmaccm.com
CONTACT:
Scott Rombach, Vice President of Public
Relations of GMAC Commercial Mortgage, 215-328-3383
|
