Skip to main content

Prudential Mortgage and Johnson Capital partner to originate multifamily loans for Freddie Mac's Program Plus

Mar 31, 2010

Prudential Mortgage Capital Company and Johnson Capital have announced the creation of Prudential Johnson Apartment Capital Express, a strategic partnership that combines the strengths of Prudential and Johnson to 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. "We are excited to announce this strategic partnership with Johnson Capital, which not only expands our financing capabilities to the Freddie Mac's Program Plus program, but also highlights our commitment to multifamily financing," said David Durning, senior managing director, Prudential Mortgage Capital Company. "Our relationship with Johnson has evolved over 20 years and we are confident that this new partnership will successfully build upon the exceptional track record of both firms over many years." 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. "Johnson Capital and Prudential have enjoyed a great 20 year relationship," said Guy Johnson, president, Johnson Capital. "This strategic partnership takes our relationship to the next logical step. We are very enthusiastic about all the financing opportunities we can now offer our multifamily clients -truly a win-win for all." For more information, visit www.johnsoncapital.com or www.prumortgagecapital.com.
About the author
Published
Mar 31, 2010
STRATMOR, Teraverde Deal A 'Merger Of Equals'

The recent merger of mortgage advisory firms came without the need to lay people off or make any major staffing changes.

May 23, 2024
NEXA Pays Loan Officers 100% Of Commission Splits

LOs won't pay per-file fees or other hidden fees with NEXA100, says NEXA Founder and CEO Mike Kortas.

May 22, 2024
The Right Prescription

‘Doctor Loans’ making healthy strides in Florida

May 21, 2024
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024