 
|
 |
Prudential is well positioned to be one of the top players in the affordable arena, offering borrowers a "Rock Solid Partnership in Affordable Housing."
Our commitment to financing the growing affordable housing markets is illustrated through our dedicated team of affordable product, underwriting and servicing specialists. Our Affordable Group works hand-in-hand with Prudential Mortgage Capital Company's national network of loan originators, providing borrowers with in-depth experience in affordable financing combined with geographic market expertise.
We offer much flexibility in helping affordable housing owners and developers tap multiple financing choices to ensure their transaction gets done. As one of the nation's leading Fannie Mae DUS™ lenders and FHA lenders, Prudential recognized years ago that agencies couldn't meet all of the needs of the affordable market. As a result, we use our own balance sheet to develop affordable products that are both stand-alone and complementary to agency programs and products, and have the resources and the expertise to translate real-time market and borrower feedback to new affordable products.
We provide:
| • |
Loans ranging from $1.5 million to more than $200 million.
|
| • |
Flexible loan terms.
|
| • |
Innovative financing structures.
|
| • |
Access to the full range of Prudential's lending power.
|
We navigate borrowers through the maze of agency financing, or streamline the lending process using our own private, proprietary products. Our product line includes:
| • |
Fannie Mae DUS™ Affordable Loans
|
| • |
Freddie Mac Delegated Underwriting Initiative
|
| • |
Proprietary Non-agency Tax-Exempt Bond Credit Enhancements
|
| • |
Privately-placed, Un-rated Bonds
|
| • |
FHA Affordable Loans Through HUD-Approved MAP Lender Prudential Huntoon Paige
|
| • |
Interim/Bridge Loans
|
| • |
Conduit Loans
|
| • |
New Construction Loans
|
| • |
Acquisition
|
| • |
Acquisition/Rehab
|
| • |
Refinance
|
| • |
Mezzanine Financing
– Preservation
|
We also offer creative solutions and detailed knowledge in:
| • |
Tax-exempt Bonds (including fixed and floating; senior/subordinated structures).
|
| • |
Expiring Subsidiary Recapitalizations (Section 8 and tax credits).
|
Eligible affordable multifamily properties include:
| • |
Garden Apartments
|
| • |
Mid-Rise and High-Rise Structures
|
| • |
Age-Restricted Apartments
|
| • |
Multifamily Apartments
|
| • |
Seniors Housing
|
| • |
Congregate and Assisted Living
|
| • |
Nursing Homes
|
| • |
Student Housing
|
| • |
Apartments in Lease-Up
|
| • |
Forward Commitments
|
Click here for a Prudential contact in forging a "Rock Solid Partnership in Affordable Housing." |
Privacy Statement | Terms and Conditions
Prudential Financial and the Rock Logo are service marks of The Prudential Insurance Company of America and its affiliates.
Prudential is authorized to transact business in all U.S. states and the District of Columbia. Product availability varies by state and country.
© Copyright 2008 Prudential Financial, Inc., Newark, NJ USA. All rights
reserved.
|
|
|
