March 13, 2017 Comments Off on Marcus & Millichap, PGIM Enter into Agreement Views: 746 National News, Top National Stories

Marcus & Millichap, PGIM Enter into Agreement

Marcus & Millichap Capital Corp. (MMCC) has entered into a preferred correspondent agreement with PGIM Real Estate Finance, the commercial mortgage arm of PGIM. MMCC indicated that the agreement will broaden its network of lenders, and allow origination of agency and other types of multifamily loans nationally.

A key objective of the agreement is to provide middle-market and institutional multifamily clients, serviced by Marcus & Millichap’s senior brokers and its institutional division, IPA, access to PGIM’s full scope of capital options.

“PGIM Real Estate Finance offers one of the most comprehensive lines of real estate finance products,” said William E. Hughes, with MMCC. “They provide us access to Fannie Mae DUS, Freddie Mac and specialized affordable housing programs, FHA, Conduit, and Prudential’s general account. This new relationship, coupled with Marcus & Millichap Capital Corp’s vast array of lenders, further supports our ability to provide the widest spectrum of superior financing solutions to our clients.”

Read More at Business Wire

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