Cooper Joins GMAC Commercial Mortgage Phoenix Office.Business Editors HORSHAM, Pa.--(BUSINESS WIRE)--March 5, 2002 GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Commercial Mortgage Corporation (GMACCM) announced today the appointment of James L. Cooper as Vice President in its Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. office. Cooper will be responsible for retail loan production with a focus on loan origination for correspondent life insurance companies, and conduit lenders such as Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. and Fannie Mae Fannie Mae: see Federal National Mortgage Association. . "Jim has been active in commercial real estate for ten years and is a proven producer who is highly experienced in all areas of commercial real estate investments," said Jon Krieger, Senior Vice President/Branch Manager of the Phoenix office. Cooper joins GMACCM from NorthMarq Capital, Inc., Phoenix, where he was Vice President, responsible for arranging financing for income-producing commercial real estate throughout Arizona. From June, 1998 through February 2001 he was Assistant Vice President, responsible for developing relationships with correspondent lenders and repeat customers. Earlier, he held positions with Rand Commercial Brokers, Phoenix; General Mills, Inc., Phoenix; and Affiliated First National Bank, Louisville, Colo. He received a B.A. in economics from the University of Colorado University of Colorado may refer to:
GMAC Commercial Mortgage, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of GMAC Commercial Holding Corp., is the leading U.S. financial solutions provider serving commercial real estate borrowers and investors seeking relationship-based advice and consultation. GMACCM is an industry leader in loan origination, servicing, asset management and securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. of commercial mortgages. The diverse lending and servicing specialist has more than 85 offices worldwide. GMACCM has a servicing portfolio exceeding $134 billion, and provides a variety of financing products and services including permanent, interim, and construction lending, with specialized lending units focused on healthcare and hospitality as well as e-commerce offerings through Internet commercial mortgage lending. |
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