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ST. LOUIS, October 19, 2004—Gershman Mortgage, one of the largest mortgage lenders in St. Louis, ranked among the top 20 originators for Basic FHA multifamily programs.  The listing is compiled by the U.S. Department of Housing and Urban Development (HUD).   Gershman ranked 18th nationwide by loan volume for fiscal year 2004 through 9/30/04. 

The “Basic FHA” category covers all multifamily FHA loans including apartments, health care facilities, nursing homes, and assisted living facilities with the exception of preservation loans and hospitals.  Gershman ranked 20th by loan volume at the end of fiscal year 2003.  For 50 years, Gershman has provided financing for residential real estate in the St. Louis region, and for commercial multi-family projects nationwide. 

Gershman is the oldest independent mortgage company in St. Louis, and one of the largest in Missouri.  Gershman is an area leader in FHA/VA and conventional single-family home loans, having financed over 50,000 loans in the St. Louis area alone.  Nationally, Gershman services over $600 million in loans for multi-family and healthcare facilities. Gershman provides all types of financing for apartments, 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 and nursing homes. 

Gershman Mortgage’s website is located at www.gershman.com.  The site’s commercial side outlines the products and programs available to commercial borrowers.  It provides links to important resources and includes a list of documents necessary for reviewing loan requests.  In addition, the site highlights projects and facilities financed by Gershman Mortgage.  The residential site offers resources for homebuyers including tips for first time buyers, a glossary of mortgage terms, guides to buying and refinancing, calculators, industry news, current rates, and a secure online application.

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