Prudential Mortgage Capital Company has hired Cheryl Eskridge as vice president of asset management for Prudential Asset Resources. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU).
Eskridge, who is rejoining the company after having served as senior director of asset management for the general account from 2004-2006, will be responsible for overseeing Prudential Asset Resources’ $71.9 billion commercial mortgage portfolio. She reports directly to Hal Collett, president of Prudential Asset Resources in the unit’s Dallas headquarters. Collett previously held the position before being promoted to president in 2012.
Prior to rejoining Prudential Asset Resources, Eskridge was a director for C-III Asset Management LLC where she managed large-balance commercial real estate loans. Earlier, she developed and managed a commercial mortgage servicing platform for Countrywide Commercial Real Estate Finance along with numerous other positions in commercial real estate finance and asset management over the course of her 23-year career.
“We are excited to add someone with Cheryl’s extensive experience and background to lead our asset management team,” Collett said. “Her knowledge and background will enable us to continue serving our clients with the same superior quality they have come to expect from us.”Eskridge holds a bachelor’s degree in business administration and finance from the University of Texas at Austin. Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with more than $74 billion in assets under management and administration as of June 30, 2013. Leveraging a 135-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS®, Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Conduit; Prudential’s general account and proprietary balance sheet program; and other institutional investors. The company maintains a loan servicing portfolio of approximately $71.9 billion, as of June 30, 2013. For more information, please visit http://www.prumortgagecapital.com. Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2013, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.