GMACCM Names Specialty Lending Chief

Jerry Earnest has been promoted to executive vice president of GMAC Commercial Mortgage Corp., Horsham, Pa., where he will head the newly formed Specialty Lending Group.In that capacity, Mr. Earnest will oversee the company's Healthcare Financing Group, Hospitality Industry Division, and the Golf Finance Group, and he will directly manage the latter two units, the company said. Before joining GMACCM, Mr. Earnest was a principal of Lexington Mortgage Co., which was acquired by GMACCM in March 1996. The company can be found online at http://www.gmaccm.com.

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