HORSHAM, Pa., Sept. 14 /PRNewswire/ -- GMAC Commercial Mortgage
Corporation (GMACCM) and Case Credit Corporation today announced the formation
of a strategic marketing alliance to offer GMAC Farmer's Advantage(SM) to
farmers nationwide through Case Credit's dealer network.
"This program brings together two leaders in the financing industry," said
GMACCM President David E. Creamer. "Case Credit is a leading financial
services provider for the agricultural equipment industry. GMACCM, through
GMAC Farmer's Advantage(SM), has assembled a solid team of agricultural
lending experts to provide our customers with the best possible real estate
financing package. GMAC Farmer's Advantage(SM) offers farmers efficient,
flexible financing at competitive rates. Our commitment to this initiative is
unparalleled."
This strategic marketing alliance will provide farmers throughout the
nation with a one-stop shopping source for their agricultural equipment and
real estate financing needs. The program presently is being piloted at five
Case IH dealerships, with nationwide introduction scheduled for late 1998.
"Case Corporation has provided total solutions for farmers' equipment
needs for over 40 years. Today, we are focused on providing our customers
with total solutions to their financing needs," stated Case Credit President
Kenneth R. Gangl. "With GMAC Farmer's Advantage(SM), we are providing easy
access to another nationally known lender and a team of experts who know the
farm mortgage business and who can offer customers increased options for
successfully managing their businesses."
GMAC Commercial Mortgage Corporation, based in Horsham, PA, is a wholly
owned subsidiary of General Motors Acceptance Corporation. It is the nation'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.
Case Credit Corporation, a wholly owned subsidiary of Case Corporation,
provides financial services to customers purchasing, leasing, and insuring
equipment through dealer networks located primarily in North America,
Australia and Europe. Case Credit will soon become a subsidiary of the
recently announced Case Capital Corporation, a broad-based financing company
for the global marketplace. Based in Racine, WI, Case Credit services a
$5.8 billion portfolio of receivables and leases.
News releases and other information about GMAC Commercial Mortgage and its
products and services are available at http://www.gmaccm.com on the Internet.
Case Credit's Internet address is http://www.casecredit.com.
For GMACCM press releases by fax, call 800-758-5804, ext. 122720.
SOURCE GMAC Commercial Mortgage Corporation
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Related links:
http://www.gmaccm.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 122720
CONTACT:
Scott Rombach of GMAC Commercial Mortgage,
215-328-3383, or Sandra J. Lasch of Case Credit, 414-636-6473
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