DENVER — Newman & Associates, a subsidiary of GMAC Commercial Mortgage Corp. of Horsham, Pa., has created a loan sales and trading group that focuses on specialty sales of commercial loan portfolios and participation in mortgages.

The group represents insurance companies, banks, thrifts, real estate investment trusts, and conduits in the sale of performing, subperforming, and nonperforming commercial and multifamily mortgage loans, according to Stuart M. Salins, the senior vice president of Newman who runs the group.

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