Deutsche Bank may sign an agreement by the end of the year to buy GMAC Commercial Mortgage from General Motors, in a reported $1bn deal.
The deal would make the German bank the biggest commercial mortgages provider in the US. GMAC has a $160bn commercial mortgage portfolio.
Deutsche Bank is expected to keep all the major parts of GMAC, including its conduit, mezzanine loan, servicing and loan brokerage groups. The bank is understood to have beaten GE Capital to the deal.
