DBRS Confirms GMACCM & GMACCM Canada Servicing as Superior

Dominion Bond Rating Service (“DBRS”) has today confirmed the ratings of GMAC Commercial Mortgage Corporation (“GMACCM”) and GMAC Commercial Mortgage of Canada Ltd. (“GMACCM Canada”) as indicated above at Superior.

The ratings reflect a comprehensive review of the company’s organizational structure, management team, asset administration, technology, staff and training, policies and controls, and financial strength.

These ratings are based on the following factors:
(1) Continued leader role in technology and innovative solutions of efficiency;
(2) Strong senior management with over 17 years of experience and leadership roles in industry associations such as Mortgage Bankers Association and Commercial Mortgage Securities Association;
(3) Diverse set of servicing products, including private label, CMBS, and warehouse/interim servicing;
(4) Staffing and training of its people; and
(5) Use of international offices to maximize time spent in contact with borrowers in addition to minimizing expenses.

GMACCM and GMACCM Canada continue to be market leaders in commercial mortgage servicing. As of June 30, 2005, GMACCM assets under management included US$214.0 billion, while GMACCM Canada assets under management totalled Cdn$5.09 billion.