Marcus & Millichap Partners With PrudentialFriday, March 10, 2017
Marcus & Millichap’s financing subsidiary Marcus & Millichap Capital Corp. has broadened its network of lenders through a preferred correspondent agreement with PGIM Real Estate Finance, a unit of Prudential Financial Inc.
The Calabasas brokerage plans to use the PGIM relationship to facilitate loans for multifamily properties.
“Our partnership with PGIM Real Estate Finance is a significant win for our clients, and is in line with our goal to consistently deliver the lowest cost capital solutions, competitive pricing, and efficient execution,” Richard Katzenstein, national director of Marcus & Millichap Capital Corp., said in a statement.
Shares of Marcus & Millichap closed Friday up 11 cents, or a fraction of a percent, to $26.40 on the New York Stock Exchange.