Prudential Mortgage Capital Company has launched the Agency Gateway program, a new short term loan program for multifamily property owners seeking to refinance or acquire properties that do not currently qualify for a Fannie Mae or Freddie Mac permanent loan. Under this new program, the company will target loans of $5m to $25m secured by fully-constructed or renovated multifamily properties that are well-located but have not yet reached stabilized occupancy levels. “We are excited to offer this new source of financing for multifamily properties which addresses a clear need of multifamily owners and investors in today’s market,” said David Durning, senior managing director of Prudential Mortgage Capital Company.
Prudential Mortgage Capital launches program for multifamily properties
Most Popular Articles
Latest Articles
Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.