GMAC Commercial Mortgage Closes Acquisition of CapMark Services and Lend Lease Asset Management
HORSHAM, Pa.--GMAC Commercial Mortgage Corporation completed the acquisition of two commercial real estate businesses from Australian global real estate group, Lend Lease Corporation Limited.
The businesses acquired include the mortgage servicing business, CapMark Services, and the North American Asset Management business.
"The integration of the Lend Lease servicing portfolios raises our overall commercial loan servicing portfolio to over $230 billion and creates additional efficiencies within our servicing platform," noted Robert D. Feller, CEO of GMAC Commercial Holding Corp., the parent of GMACCM. "This acquisition further demonstrates GMACCM's commitment to growth within the global commercial real estate finance industry," said Feller.
GMACCM, a wholly-owned subsidiary of GMAC Commercial Holding Corp., is a premier financial services firm with a broad menu of innovative financing programs.
