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GERSHMAN INVESTMENT CORP. CONTINUES
TO EARN TOP RATINGS
RANKED #1 MORTGAGE LENDER IN SAINT CLAIR COUNTY, ILLINOIS
ST. LOUIS, February 24, 2003—St. Louis-based Gershman
Investment Corp. has earned yet another accolade: Named one
of the country’s “Top Commercial Servicers”
by Mortgage Servicing News in October 2002, Gershman recently
ranked first among mortgage lenders issuing government-insured
(FHA and VA) mortgages in Saint Clair County, Illinois. According
to the listing, compiled by mortgagewebdata.com, Gershman captured
11.33% of the market share, the highest percentage of the 40
lenders listed.
In addition to being one of the area’s leaders in FHA/VA
and conventional single-family home loans, Gershman is active
in providing financing for multi-family projects, most of which
are HUD insured, in more than 10 states nationwide. In 2002,
Gershman financed over $150 million in project loans. These
facilities were financed with HUD Insured financing and the
issuance of “AAA Rated” GNMA securities. The company
specializes in providing and servicing all types of financing
for apartments, nursing homes, assisted living facilities, and
hospitals utilizing tax free and taxable bonds.
The oldest independent mortgage company in St. Louis, Gershman
Investment Corp. has been providing financing for the St. Louis
community for 50 years. Incorporated in 1953, Gershman has financed
over 50,000 homes in the St. Louis area alone. One of only 58
lenders in the country approved for MAP (Multi-family Accelerated
Processing) for apartments, assisted living, and nursing homes,
Gershman is one of the largest independent mortgage bankers
in the State of Missouri.
Gershman has offices in Clayton and St. Peters, Missouri and
Fairview Heights, IL and can be found on the web at www.gershman.com.
The main phone number is (314) 889-0600 or 1-800-GERSHMAN.
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