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Is M&A Activity Among Lenders Reaching a Crescendo?

Big consolidations in commercial mortgage banking continue to play out on the industry's center stage, but some experts are wondering if a grand finale may soon be at hand. A deal pairing NorthMarq Capital with an arm of Legg Mason Real Estate Services closed just over a month ago, the latest in a succession of mergers and acquisitions among some of the nation's largest financial intermediaries that began in earnest about a decade ago. In another twist, Horsham, Pa.-based GMAC Commercial Holding Corp. says it's for sale, although its motives, unlike those of NorthMarq and Legg Mason, may ...

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