CSFB Conducting Due Diligence on GMACCM?

Published July 15, 2003, 2:00 p.m. EDT

1 Min Read

Investment banker Credit Suisse First Boston is conducting due diligence on GMAC Commercial Mortgage, Horsham, Pa., the nation's largest commercial mortgage banker, sources have told MortgageWire.According to one commercial official, "CSFB is on its second or third round of due diligence." CSFB, G.E. Capital, and Deutsche Bank have been mentioned as finalists for the $160 billion servicer. A spokesman for CSFB declined to comment on the matter, as did a public relations official for General Motors, the parent company of GMACCM. (See the July 14 issue of National Mortgage News for full details.)

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