Firms Partner To Originate Multifamily Loans For Freddie

Prudential Mortgage Capital Co. and Johnson Capital have partnered on a new venture – Prudential Johnson Apartment Capital Express – which will originate and service loans for Freddie Mac under the Program Plus and Targeted Affordable Loan programs. Prudential Mortgage Capital is the commercial lending business of Prudential Financial Inc.

Prudential Johnson Apartment Capital Express will originate multifamily loans from $5 million and above in Arizona, California, Maryland, Washington, D.C., and Virginia.

A full-service commercial and multifamily mortgage finance business, Prudential Mortgage Capital originates loans across capital sources. The company has provided more than $16.4 billion in multifamily mortgages over the last five years, originating more than $2.4 billion in 2009.

SOURCE: Prudential Mortgage Capital Co.

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