GMAC Commercial Mortgage Announces the Promotion of Daniel Monte to Senior Vice President of the Buffalo, New York Production Office.Business Editors HORSHAM, Pa.--(BUSINESS WIRE)--May 30, 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 the promotion of Daniel Monte, Manager of its Buffalo, N.Y. production office, to Senior Vice President. Mr. Monte joined GMACCM to open its new Western New York
Western New York refers to the westernmost region of New York State. office in February of 2000 after a 20-year career in lending and mortgage banking. Mr. Monte, both a native and resident of Buffalo, N.Y., is a graduate of Canisius High in Buffalo and the University of Washington in Seattle. Prior to joining GMAC Commercial Mortgage, Mr. Monte was a manager for Holliday Fenoglio Fowler in Buffalo. "Dan has shown great leadership in developing our commercial mortgage banking presence in Upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. .," commented Ed Riedlinger, Senior Vice President and Regional Manager. "This office has demonstrated the ability to use both our correspondent and internal lending programs, making GMACCM the number-one source for commercial real estate financing." 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , 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 and its affiliates have more than 85 offices worldwide. GMACCM has a servicing portfolio exceeding $150 billion, and provides a variety of financing products and services including permanent, interim, and construction lending, with specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. lending units focused on healthcare and hospitality as well as e-commerce offerings through Internet commercial mortgage lending. News releases and other information about GMAC Commercial Mortgage and its products and services are available at http://www.gmaccm.com on the Internet. |
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