{"id":1004167396,"date":"2017-02-23T04:37:30","date_gmt":"2017-02-23T12:37:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004167396"},"modified":"2022-12-08T18:32:19","modified_gmt":"2022-12-09T02:32:19","slug":"prudential-mortgage-capital-becomes-pgim-real-estate-finance","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prudential-mortgage-capital-becomes-pgim-real-estate-finance\/","title":{"rendered":"Prudential Mortgage Capital Becomes PGIM Real Estate Finance"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

Newark, N.J.<\/strong>\u2014Prudential Mortgage Capital Co. enters the New Year with a new name. The commercial, multifamily and agricultural mortgage lender is now PGIM Real Estate Finance, a moniker that will, for one, clearly distinguish each of the company\u2019s 22 global offices as part of a singular entity.<\/p>\n

\"David<\/a>

David Durning, CEO of PGIM Real Estate Finance<\/p><\/div>\n

The change is about more than name identity. \u201cOur new name reflects our full investor base and global lending activities, and highlights our connection to PGIM, the trillion-dollar global investment manager of Prudential Financial,\u201d David Durning, CEO of PGIM Real Estate Finance<\/a>, told Commercial Property Executive<\/em>.<\/p>\n

The new title comes almost exactly one year after PGIM was shortened from Prudential Investment Management, a change that sparked the usage of the PGIM Real Estate Finance name for markets outside U.S. borders. Now, from one continent to the next, the mortgage lender is known as PGIM Real Estate Finance.<\/p>\n

There\u2019s no identity crisis here; two-decade-old PGIM Real Estate Finance\u2019s mission is as clear as ever. The company continues to provide one of the most inclusive lines of real estate finance products, designed to accommodate the ever-changing needs of borrowers and investors. And PGIM Real Estate Finance\u2019s role as a leading originator of loans for Fannie Mae, Freddie Mac and other affordable housing programs hasn\u2019t changed either. \u201cIn 2016, our clients increasingly looked to us for advice, relying on our ability to finance projects through a variety of loan products that enhance investors\u2019 opportunities as they seek yield, while navigating globally uncertain markets,\u201d Durning said in a prepared statement.<\/p>\n

PGIM Real Estate Finance has even more on tap for 2017; the company has as much as $15 billion to lend to lend to borrowers this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new name will clearly distinguish each of the company\u2019s 22 global offices as part of a singular entity.<\/p>\n","protected":false},"author":969,"featured_media":1004167397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,1600,21742,10],"tags":[33626,33166],"class_list":["post-1004167396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-new-york","category-latest","category-northeast","tag-prudential-financial","tag-prudential-mortgage-capital-company"],"acf":[],"yoast_head":"\nPrudential Mortgage Capital Becomes PGIM Real Estate Finance - 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-mortgage-capital-becomes-pgim-real-estate-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prudential Mortgage Capital Becomes PGIM Real Estate Finance\" \/>\n<meta property=\"og:description\" content=\"The new name will clearly distinguish each of the company\u2019s 22 global offices as part of a singular entity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prudential-mortgage-capital-becomes-pgim-real-estate-finance\/\" \/>\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=\"2017-02-23T12:37:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:32:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/David-Durning-PGIM-Real-Estate-Finance.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\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-mortgage-capital-becomes-pgim-real-estate-finance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-capital-becomes-pgim-real-estate-finance\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Prudential Mortgage Capital Becomes PGIM Real Estate Finance\",\"datePublished\":\"2017-02-23T12:37:30+00:00\",\"dateModified\":\"2022-12-09T02:32:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-capital-becomes-pgim-real-estate-finance\\\/\"},\"wordCount\":312,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-capital-becomes-pgim-real-estate-finance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/02\\\/David-Durning-PGIM-Real-Estate-Finance.jpg\",\"keywords\":[\"Prudential Financial\",\"Prudential Mortgage Capital Company\"],\"articleSection\":[\"Featured\",\"Finance\",\"New York\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-capital-becomes-pgim-real-estate-finance\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-capital-becomes-pgim-real-estate-finance\\\/\",\"name\":\"Prudential Mortgage Capital Becomes PGIM Real Estate Finance - 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