{"id":1004019822,"date":"2010-05-04T09:24:19","date_gmt":"2010-05-04T17:24:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004019822"},"modified":"2022-12-04T16:36:58","modified_gmt":"2022-12-05T00:36:58","slug":"prudential-kicks-off-new-loan-program-for-m-f-property-owners","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/","title":{"rendered":"Prudential Kicks Off New Loan Program for M-F Property Owners"},"content":{"rendered":"<p>May 4, 2010<br \/>\nBy Barbra Murray, Contributing Editor<\/p>\n<div id=\"attachment_1004019823\" style=\"width: 160px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004019823\" data-attachment-id=\"1004019823\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/chego101\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg\" data-orig-size=\"500,375\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"chego101\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user chego101&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg\" alt=\"\" title=\"chego101\" width=\"150\" height=\"150\" class=\"size-thumbnail wp-image-1004019823\" \/><\/a><p id=\"caption-attachment-1004019823\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user chego101<\/p><\/div>\n<p>Endeavoring to help bridge the financing gap for multifamily property owners who do not meet the requirements for Fannie Mae or Freddie Mac permanent loans, Newark, N.J.-based Prudential Mortgage Capital Company has created the Agency Gateway program. The new vehicle will provide short-term loans for refinancing and acquiring multifamily assets.<\/p>\n<p>Borrowers will be able to secure loans ranging from $5 million to $25 million, using as collateral completed or renovated apartment properties with potential; essentially, assets that have yet to reach significant occupancy levels but are situated in markets with pending demand. <\/p>\n<p>&#8220;In addition to offering our multifamily borrowers more flexibility for financing higher-quality properties, we believe this program complements Prudential&#8217;s existing Fannie Mae DUS Lending Program, as well as our Freddie Mac Program Plus program offered through Prudential Johnson Apartment Capital Express,&#8221; David Durning, senior managing director of Prudential, noted in a prepared statement. <\/p>\n<p>After taking quite a beating due to the recession and job losses, multifamily is poised for a recovery, moving in lockstep with the economy, according to a first quarter report by Marcus &amp; Millichap Real Estate Investment Services. The sector appears to have hit bottom. Demand began to pick up gradually with the slowdown of job losses in the second half of 2009, and numbers from the beginning of 2010 served as confirmation of an impending turnaround. <\/p>\n<p>The vacancy rate held steady at 8 percent in the first quarter of this year, marking the first stabilization after eight consecutive quarters of increases. Marcus &amp; Millichap predicts that conditions will continue to improve, resulting in a &#8220;healthy recovery of fundamentals&#8221; in 2011. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Endeavoring to help bridge the financing gap for multifamily property owners who do not meet the requirements for Fannie Mae or Freddie Mac permanent loans, Newark, N.J.-based Prudential Mortgage Capital Company has created the Agency Gateway program. The new vehicle will provide short-term loans for refinancing and acquiring multifamily assets.<\/p>\n","protected":false},"author":936,"featured_media":1004019823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742],"tags":[],"class_list":["post-1004019822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Prudential Kicks Off New Loan Program for M-F Property Owners - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prudential Kicks Off New Loan Program for M-F Property Owners\" \/>\n<meta property=\"og:description\" content=\"Endeavoring to help bridge the financing gap for multifamily property owners who do not meet the requirements for Fannie Mae or Freddie Mac permanent loans, Newark, N.J.-based Prudential Mortgage Capital Company has created the Agency Gateway program. The new vehicle will provide short-term loans for refinancing and acquiring multifamily assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-05-04T17:24:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T00:36:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Prudential Kicks Off New Loan Program for M-F Property Owners\",\"datePublished\":\"2010-05-04T17:24:19+00:00\",\"dateModified\":\"2022-12-05T00:36:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/\"},\"wordCount\":293,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/05\\\/chego101.jpg\",\"articleSection\":[\"Finance\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/\",\"name\":\"Prudential Kicks Off New Loan Program for M-F Property Owners - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/05\\\/chego101.jpg\",\"datePublished\":\"2010-05-04T17:24:19+00:00\",\"dateModified\":\"2022-12-05T00:36:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/05\\\/chego101.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/05\\\/chego101.jpg\",\"width\":\"500\",\"height\":\"375\",\"caption\":\"Courtesy Flickr Creative Commons user chego101\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prudential Kicks Off New Loan Program for M-F Property Owners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\",\"name\":\"Allison Landa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"caption\":\"Allison Landa\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/allisonlanda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Prudential Kicks Off New Loan Program for M-F Property Owners - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/","og_locale":"en_US","og_type":"article","og_title":"Prudential Kicks Off New Loan Program for M-F Property Owners","og_description":"Endeavoring to help bridge the financing gap for multifamily property owners who do not meet the requirements for Fannie Mae or Freddie Mac permanent loans, Newark, N.J.-based Prudential Mortgage Capital Company has created the Agency Gateway program. The new vehicle will provide short-term loans for refinancing and acquiring multifamily assets.","og_url":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2010-05-04T17:24:19+00:00","article_modified_time":"2022-12-05T00:36:58+00:00","og_image":[{"width":500,"height":375,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg","type":"image\/jpeg"}],"author":"Allison Landa","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/"},"author":{"name":"Allison Landa","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249"},"headline":"Prudential Kicks Off New Loan Program for M-F Property Owners","datePublished":"2010-05-04T17:24:19+00:00","dateModified":"2022-12-05T00:36:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/"},"wordCount":293,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg","articleSection":["Finance","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/","url":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/","name":"Prudential Kicks Off New Loan Program for M-F Property Owners - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg","datePublished":"2010-05-04T17:24:19+00:00","dateModified":"2022-12-05T00:36:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg","width":"500","height":"375","caption":"Courtesy Flickr Creative Commons user chego101"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/prudential-kicks-off-new-loan-program-for-m-f-property-owners\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Prudential Kicks Off New Loan Program for M-F Property Owners"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249","name":"Allison Landa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","caption":"Allison Landa"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/allisonlanda\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/chego101.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004019822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/936"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004019822"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004019822\/revisions"}],"predecessor-version":[{"id":1004623558,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004019822\/revisions\/1004623558"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004019823"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004019822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004019822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004019822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}