American Mortgage Acceptance Co. has acquired about $35.6 million of commercial mortgage-backed securities from a Chase Manhattan Bank-First Union National Bank commercial trust as part of a strategy to align itself with ARCap Investors LLC, a privately held real estate finance company. The deal was financed with $16 million of equity and $19.6 million from a repurchased facility. The BB+ rated bonds have a term of about 13 years and are secured by 205 mortgages on 217 multifamily, retail and other commercial properties.

Loy Saguil, a commercial mortgage-backed securities researcher at CIBC Oppenheimer, has left his position with the company sometime last week, officials from the company stated.

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