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HOFFMAN JOINS GERSHMAN MORTGAGE AS
CHIEF FINANCIAL OFFICER

ST. LOUIS, April 18, 2005—One of the largest mortgage lenders in St. Louis, Gershman Mortgage announced Wayne Hoffman has joined the company as Chief Financial Officer. For more than 50 years, Gershman has provided financing for residential real estate in the St. Louis region, and for commercial multi-family projects nationwide.

Mr. Hoffman is a Certified Public Accountant licensed in Missouri. He is a member of the American Institute of Certified Public Accountants and the Missouri Society of Certified Public Accountants.

Named one of the nation’s “Top Commercial Servicers” by Mortgage Servicing News, Gershman Mortgage has provided commercial financing for over fifty years. Gershman provides both conventional and HUD-insured financing for multifamily housing, skilled nursing homes, assisted living facilities, and hospitals. Gershman Mortgage is one of only 63 lenders in the country approved for MAP (Multi-family Accelerated Processing) for apartments, assisted living facilities, and nursing homes. Nationally, Gershman services over half a billion dollars in loans for multi-family and healthcare facilities. Gershman also ranked among the top 20 originators for Basic FHA multifamily programs.

Founded in 1953, Gershman Mortgage is the oldest independent mortgage company in St. Louis and one of the largest in Missouri. In addition to commercial financing, Gershman has financed over 75,000 home loans in the St. Louis area alone and is an area leader in FHA/VA and conventional single-family home loans.

Gershman Mortgage’s website, located at www.gershman.com, is a resource for homebuyers and commercial borrowers alike. It offers information on both residential and commercial products as well as tips for borrowers and background information on the lending process. Borrowers can check rates and apply for home loans and refinancing online.

Gershman Mortgage has offices in St. Louis (Clayton) and St. Peters, MO and Fairview Heights, IL and can be found on the web at www.gershman.com. Mr. Hoffman is located in Gershman’s St. Louis office, located at 7 North Bemiston in Clayton. The main phone numbers are (314) 889-0600 and 1-800-GERSHMAN.

     

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