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The sale of GMAC Commercial Mortgage here to Deutsche Bank fell apart amid disagreements over "reps and warranties," industry sources said.
"In the end, GM wasn't willing to provide what Deutsche Bank wanted," said one commercial mortgage executive.
Commercial mortgage officials following the deal said they were not surprised it fell apart. "I think a lot of people are surprised that it ever got to this stage," said one lender.
GM had been trying to sell GMACCM for almost a year....