Surpassing its 2006 level of $11 billion, Newark, New Jersey-based Prudential Mortgage Capital Co.--the commercial mortgage lending business of Prudential Financial Inc., also based in Newark--announced that the company exceeded its 2006 record by originating $14.5 billion in loans.
Prudential Mortgage Capital sustained significant growth, increasing across its capital sources and rising from $11 billion in 2006 to $14.5 billion in 2007, according to David Twardock, president of Prudential Mortgage Capital Co.
"In today's market, deliverability is key and Prudential Mortgage Capital's strength is in the execution and servicing of our loans," said Twardock. "Originating $14.5 billion during a turbulent year in the market underscores our ability to originate quality loans, and in 2008 we will continue to provide quality service to our customers."
Prudential Mortgage Capital's production growth has increased steadily...