Bank One Corp. and GMAC said last week that they have a deal designed to give the banking company the benefits of the General Motors unit's considerable muscle in the commercial mortgage business.

Beginning in January, GMAC Commercial Mortgage, based in Horsham, Pa., is to station loan officers in several Bank One offices in the Midwest, West, and Southwest. Clients of the bank who ask for long-term, fixed-rate real estate loans of $1 million and up will be directed to GMAC's specialists.

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