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National industry appointments update - 06/21/2006

National Mortgage Professional
Jun 20, 2006

CBA Commercial finalizing agreement with GMACMortgagePress.comCBA Commercial,GMAC CBA Commercial LLC (CBAC), a Stamford, Conn.-based commercial mortgage finance firm specializing in the purchase and securitization of small-balance multifamily, commercial and mixed-use mortgage loans, announced that it is finalizing an arrangement with GMAC Commercial Mortgage Corporation (GMACCM) to participate in the CBAC Authorized Lender Program. The CBAC Authorized Lender Program features loan amounts from $100,000 up to $3,000,000; multifamily, office, retail, light industrial and mixed-use property types; full and stated documentation; average FICO scores of 675; two-, three-, five-, seven- and 10-year ARM products (fixed period—then resets to six month LIBOR); 30-year final maturities and 30-year amortization. "Our CBAC team is thrilled to welcome GMAC Commercial Mortgage Corporation, a leading originator and the industry's largest servicer of commercial mortgages, as a participant in our CBAC Authorized Lender Program, and we are energized at the prospect of working together with them to expand our small balance commercial mortgage loan program," said Craig Knutson, executive vice president of CBA Commercial. "We view this partnership as a validation of our efforts to provide a simplified and streamlined process to originate small balance commercial mortgage loans." For more information, visit www.cbaloans.com.
Published
Jun 20, 2006
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