GMAC Commercial Mortgage to Receive Award for Its Role in $1.4 Billion `Deal Of The Year`

Search Blogs that Mention this News Release
Click this link to view linked Bookmarking Services
Click this link to view linked Blogging Services
GMAC Commercial Mortgage to Receive Award for Its Role in $1.4 Billion `Deal Of The Year`
    NEW YORK, Nov. 17 /PRNewswire/ -- GMAC Commercial Mortgage (GMACCM) today
will receive recognition for its role in a commercial mortgage-backed
securities offering that has been named "Deal of the Year."  The award will be
made in New York by the Commercial Real Estate Secondary Market and
Securitization Association (CSSA).
    The company's role in the deal is to serve as master servicer and initial
special servicer for the offering's $1.4 billion in underlying mortgages.
This high volume of loans makes this securitization one of the largest such
offerings ever made.
    Lawrence Kravetz, a senior vice president at Lehman Brothers, the
investment bank which made the offering, will accept the award on behalf of
his firm.  At that time GMACCM Senior Vice President Kathryn Marquardt will
receive a plaque for the company's participation in the deal.
    Following the awards ceremony, Marquardt will represent GMACCM in a panel
discussion about the deal for investors, accounting and law firms, and others.
Marquardt will discuss unique loan features, particularly regarding the larger
loans in the pool, explain GMACCM's methods for maintaining loan performance,
and review the company's systems for analyzing borrowers' financial statements
and issuing collection reports, among other topics.
    "This award is especially meaningful to us," says Charles E. Dunleavy,
Jr., Executive Vice President and Chief Operating Officer at GMACCM.  "It
represents recognition from within our industry of our leadership and ability
to provide first quality servicing for a large, complex and sophisticated
financial transaction."
    Horsham-based GMAC Commercial Mortgage is the nation's leading one-stop
financial resource in the commercial banking industry.  The diverse lending
and servicing specialist has more than 30 nationwide offices.  The company has
a servicing portfolio of over $36 billion, and provides a variety of products
and resources including long-term, interim, and construction financing.
    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