GMAC Commercial Mortgage Corporation Announces the Appointment of Jerry Earnest to Executive Vice President Specialty Lending.Business Editors WASHINGTON--(BUSINESS WIRE)--May 2, 2003 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) has announced the promotion of Jerry Earnest to executive vice president to head the newly-formed Specialty Lending Group (SLG See stereo lithography. ). In this role, Earnest will oversee GMACCM's Healthcare Financing Group, Hospitality Industry Division and the Golf Finance Group. He will also directly manage both the Hospitality Industry Division and the Golf Finance Group. "Jerry has done an exemplary job managing GMACCM's Hospitality and Golf Course Lending divisions. I am very pleased that he will be taking on this expanded role, and I am looking forward to seeing continued positive results from these specialty groups," said Tom MacManus, president of GMACCM. Prior to joining GMACCM in 1996, Earnest was a principal of Lexington Mortgage Company, a commercial mortgage banking firm, which was active in the 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 real estate mortgage loans. Lexington Mortgage Company was acquired by GMAC Commercial Mortgage Corporation in March 1996. Earnest is a member of the Industry Real Estate Financing Advisory Council (IREFAC) of the American Hotel & Lodging Association and the Urban Land Institute. He has a master's of business administration from the Colgate Darden Colgate Whitehead Darden, Jr. (February 11, 1897 - June 9, 1981) was a Democratic Congressman from Virginia (1933-37, 1939-41), Governor of Virginia (1942-46), Chancellor of the College of William and Mary (1946-47) and the third President of the University of Virginia (1947-59). Graduate School of Business Administration at the University of Virginia and is a graduate of Tulane University History Founding/early history The University dates from 1834 as the Medical College of Louisiana.<ref name="facts" /> With the addition of a law department, it became The University of Louisiana . GMAC Commercial Mortgage Corporation (GMACCM), a wholly-owned subsidiary of GMAC Commercial Holding Corp., is a premier financial services 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. firm with extensive funding sources that, coupled with a broad menu of innovative financing programs, serve the needs of borrowers of commercial real estate debt as well as the providers of such capital. 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, investment management and technology services. The diverse lending and servicing specialist and its affiliates have more than 100 offices worldwide. GMACCM has a servicing portfolio of more than $166 billion and provides a variety of financing products and services including permanent, interim, mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. and construction lending as well as equity capital for commercial real estate. GMACCM has specialized lending units focused on healthcare, hospitality and franchise and equipment lending. News releases and other information about GMACCM, its products and services are available at www.gmaccm.com. Photo available upon request. |
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