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Article: Prudential Mortgage Capital Company Announces Appetite for $12.5 Billion in 2007.
- Article from:
- Business Wire
- Article date:
- January 31, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Reached $50 Billion in Servicing Volume in 2006
NEWARK, N.J. -- On the heels of originating a record $11 billion in commercial mortgages in 2006, Prudential Mortgage Capital Company announced today that it has raised its appetite for business in 2007 to $12.5 billion in loans across its growing range of capital sources. In addition, the company announced that 2006 marked an historic milestone, as the company celebrated servicing more than $50 billion in loans. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).
"These milestones are a testimony to our ability to combine strong ...