A Familiar Face Returns to Prudential Mortgage

first_img Newark-based “”Prudential Mortgage Capital Company””:http://www.prumortgagecapital.com/businesscenter/realestate/pmcc/home/welcome.shtml announced Thursday the return of one Curtis Brunton to an originations principal position at the firm’s San Francisco location. After serving in a past role with Prudential, leaving it for another lender, and now returning to his old haunts, Brunton will originate commercial mortgage-backed securities (CMBS) with funds from a number of securitizing companies.[IMAGE]””We have been searching for originators with extensive experience and a proven track record since we announced the formation of our joint venture last month,”” Marcia Diaz, the managing director with Prudential, said in a statement. [COLUMN_BREAK]””Curtis has both and will be an excellent addition to the team,”” Diaz added. “”We are pleased to have him back.””According to the statement, Bruton will work with a more recently announced joint venture with Liberty Island Group, an affiliated fund of Perella Weinberg Partners’ asset-based value strategy. He will report directly to Diaz in his new role.For Prudential, Brunton is no newcomer. He previously functioned as a principal under the company’s wings, serving in this capacity between 1999 and 2008. He left to join “”Redwood Trust””:http://www.redwoodtrust.com/ as managing director. He also earned his bachelor’s degree from the University of Arizona. According to Prudential, the company will originate loans through a central platform, which it will then warehouse and securitize through the joint venture and asset-based value strategy. It had announced the creation of the joint strategy in July, a venture that will allow Prudential to reopen the CMBS markets to its borrowers after it initially divested itself from the securitization business in 2008.With $68 billion in total assets since June, Prudential Mortgage, a 135-year-old mortgage finance business, offers commercial and multifamily loans to borrowers. August 25, 2011 476 Views A Familiar Face Returns to Prudential Mortgage in Origination, Secondary Market, Servicingcenter_img Agents & Brokers Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2011-08-25 Ryan Schuette Sharelast_img

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