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June 17, 1998

WMF Group said it's forming a private real estate investment trust, or REIT, as it expands its commercial mortgage business. WMF Carbon Mesa Advisors, a Los Angeles-based subsidiary of Vienna, Va.-based WMF Group, will run the Commercial Mortgage Investment Trust, to be funded with $45 million in stock from WMF, which will have a 19.8% interest.

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