PR Mortgage & Investments, RICHMAC Funding Rebrand as Merchants Capital

INDIANAPOLIS — PR Mortgage & Investments, together with its wholly owned subsidiary RICHMAC Funding LLC, has rebranded as Merchants Capital.

The full-service mortgage banking company services the multifamily, seniors housing and student housing industries.

Merchants Capital will continue to offer all existing financial services, while investing further in brand unity and support for its clients. Merchants Capital and its affiliates — including Merchants Bank — will continue to offer a suite of financing products to affordable multifamily owners, including balance sheet, FHA, Fannie Mae and Freddie Mac.

Since its inception in 1990, Merchants Capital has originated and closed more than $11 billion in loans and currently services a portfolio in excess of $8.2 billion. In 2017, the company closed more than $1.7 billion in new loans. As of September 30, 2018, Merchants Capital has generated more than $1.8 billion in new loan production.

In 2017, PR Mortgage & Investments acquired RICHMAC, a national Freddie Mac Targeted Affordable Housing seller/servicer, Fannie Mae Multifamily Affordable Housing Lender, approved FHA multifamily lender and Ginnie Mae issuer. The seller was an affiliate of The Richman Group.

In 2009, Merchants Capital’s parent company, Merchants Bank, reintroduced the brand name “Merchants” brand back into the financial services market.