As part of Prudential Mortgage Capital Company’s strategic growth plan for 2015, the company has added two principals to its Prudential Agricultural Investment (PAI) ag lending team and one additional principal to its Prudential Agricultural Investment (PAI) timber team to support its expansion of its agricultural and timber mortgage lending operations.
On February 3, 2015 the company announced that it has reached its second highest production year on record, providing $15.2 billion in commercial originations and that it had $15 billion to lend in 2015.
Shane Hutchinson joined the ag lending team in January 2015 from Rabo AgriFinance where he was regional vice president. He will be responsible for agricultural direct loan originations for the Mid-South region of the U.S. Johan Dam joins the ag lending team from Farm Credit of Central Florida, ACA and will be responsible for agricultural mortgage loans in the Southwest U.S., and Seth Palmer joined PAI’s Timberland Capital Group in January 2015 from MetLife Timberland Finance Group where he was associate director. He will be responsible for mortgage loan originations in the timber and forest products sectors.
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