Prudential Mortgage Capital Co. has appointed Curtis Brunton as a principal in the Western region.
Brunton will originate CMBS loans on behalf of the company's recently announced joint venture with affiliated funds of Perella Weinberg Partners' Asset Based Value strategy, Liberty Island Group, which is focused on providing conduit loans to borrowers.
On July 8, Prudential Mortgage and certain affiliated funds of Perella Weinberg Partners' Asset Based Value strategy announced the formation of Liberty Island Group to originate commercial mortgages for future securitization. Loans will be originated through Prudential Mortgage's origination platform, then warehoused and securitized by the joint venture.
Brunton spent nine years as a principal with Prudential Mortgage between 1999 and 2008. He rejoined the company from Redwood Trust where he was a managing director. He will report directly to Marcia Diaz, a managing director in the Los Angeles office.
The new venture enables Prudential Mortgage to offer its borrowers with access to the CMBS market without creating a new CMBS warehouse, following the divestiture of Prudential's commercial mortgage securitization business in 2008.