Prudential Mortgage Capital Company has announced that Curtis Brunton has joined the firm’s San Francisco office as a principal in the Western region. Prudential Mortgage Capital Company is the Newark, N.J.-based commercial mortgage lending business of Prudential Financial Inc. Brunton will originate commercial mortgage-backed securities (CMBS) loans on behalf of the company’s recently announced joint venture with affiliated funds of Perella Weinberg Partners' Asset Based Value strategy, Liberty Island Group, which is focused on providing conduit loans to borrowers.
Brunton, who spent nine years as a principal with Prudential Mortgage Capital Company between 1999-2008, rejoined the company from Redwood Trust where he was a managing director. Brunton, who earned a bachelor’s degree from the University of Arizona, will report directly to Marcia Diaz, a managing director in the Los Angeles office.
“We have been searching for originators with extensive experience and a proven track record since we announced the formation of our joint venture last month. Curtis has both and will be an excellent addition to the team. We are pleased to have him back,” said Diaz.
Prudential Mortgage Capital Company and certain affiliated funds of Perella Weinberg Partners’ Asset Based Value strategy recently announced the formation of Liberty Island Group to originate commercial mortgages for future securitization. Loans will be originated through Prudential Mortgage Capital Company’s origination platform, then warehoused and securitized by the joint venture.
The new venture enables Prudential Mortgage Capital Company to provide its borrowers with access to the commercial mortgage backed securities market without creating a new CMBS warehouse, following the divestiture of Prudential’s commercial mortgage securitization business in 2008.