Real Estate Forum: Forum 100
CONTACT US | METHODOLOGY
Prudential Mortgage Capital Company
Finance | Rank: # 12 (Score: 82 )
        *Category Ranking
Company:   Prudential Mortgage Capital Company    
Address: 100 Mulberry Street  
City: Newark  
State: NJ  
Zip:   07102  
Phone: 888-263-6800  
Fax: 973-367-8210  
Email: pru_mortgage_capital@prudential.com  
Website: www.prumortgagecapital.com  
Key Executive    
1. Name: David A. Twardock  
    Title: President  
2. Name: David M. Durning    
    Title: Managing Director, Originations & Multifamily Lending  
3. Name: Catherine Rodewald    
    Title: Technology & Servicing  
4. Name:  
    Title:  
*Number of Offices: 17 9
*Number of Employees: 500 7
*Gross Revenues Fiscal Year 2006: x.x billion 26
*Projected Revenues Fiscal Year 2007: x.x billion 22
Selected Areas of Specialization: Prudential Mortgage Capital Company, a commercial mortgage lender, originated a record $11 billion in loans in 2006 and is a diversified mortgage company engaged in origination, securitization, servicing and debt funds management.  
Company Overview: Prudential provides financing for multifamily, affordable housing, retail, office, industrial, hotel properties and agriculture through fixed-rate, conduit, floating-rate and interim/bridge loans, Fannie Mae DUS, FHA and Freddie Mac National Targeted Affordable lending, and mezzanine loans. Prudential serves individual and institutional borrower's real estate financing needs through structured debt products. Using a range of capital sources, the company often creates customized, highly structured deals that offer borrowers flexibility. Borrowers can access all products through a single loan officer contact. Among business highlights the company has carved out a niche by offering loans for portfolios of properties by splitting those loans among a variety of capital sources. While Prudential is known for its capacity to offer loans in excess of $250 million for large assets or more than $500 million for portfolios, it also handles smaller deals, which represent the bulk of its business. In 2006, 80% were under $15.3 million, with more than 32% issued for multifamily properties. The company is expanding its FHA and affordable housing program and staff. It is also now offering a Freddie Mac Targeted Affordable loans and proprietary bond enhancements. The company has recently formed a team to focus on healthcare lending strategies. Prudential creatively uses its own balance sheet to develop solutions for borrowers, using it to provide interim loans for all property types, lending to take-outs as conduit, Fannie Mae and FHA Loans. Prudential's capital sources include a growing of  
*Total Number of Financing Transactions
Arranged or Committed in 2006:		 878 8
*Total Value of Financing Transactions
Arranged or Committed in 2006:		 11.7 billion 10
Percentage by Financing Type:    
Public Debt: %  
Private Debt: %  
Public Equity: 100 %  
Private Equity: %  
Hybrid: %  
Value by Financing Type:    
Public Debt: .  
Private Debt: 11.7 billion  
Public Equity: .  
Private Equity: .  
Hybrid: .  
Percentage by Property Type:    
Office: 15 %  
Industrial: 11 %  
Retail: 15 %  
Apartments: 31 %  
Hotels: 10 %  
Other: 18 %  
(Please specify) healthcare, 6%; other 12%  
Percentage by Geographic Area    
Northeast: 24 %  
Southeast: 15 %  
Midwest: 15 %  
Southwest: 15 %  
West: 15 %  
International: 15 %  
Percentage by Rate Types:    
Fixed: 87 %  
Floating: 12 %  
Interest-Only: %  
Percentage by Loan Types:    
CMBS: %  
Construction: %  
Mezzanine: %  
Permanent: %  
Bridge: %  
    Raw Score:   82