A Letter from President Michael Dury
We are excited to share the launch of our new name and brand: Merchants Capital.
In 1990, we opened our doors as PR Mortgage & Investments, a mortgage banking firm specializing in multifamily housing and health care facility finance. Today, we are recognized as a premier provider and servicer of multifamily, senior and student housing.
It’s important to pause and consider what else has changed over the past 28 years.
Our parent company, Merchants Bank, reintroduced the trusted “Merchants” brand back into the financial services market in 2009, and Merchants continues to be recognized as one of the top performing banks nationally by S&P Market Intelligence. Additionally, in 2017, we acquired RICHMAC Funding, a national Freddie Mac Targeted Affordable Housing Seller/Servicer and Fannie Mae Multifamily Affordable Housing Lender.
As our company continues to grow and evolve, we decided it was time for an exciting change. Our Merchants Capital rebrand reflects our investment in remaining the most innovative, trusted and complete financial solutions company in the industry by aligning our corporate entities with the “Merchants” name.
You may be asking, “What does this change mean for my business?” Changing our name and branding to Merchants Capital does not change our commitment to providing you with the best selection of financial services. We will continue to offer all existing financial services, while investing further in brand unity and expert support for our clients. Merchants Capital and our affiliates will remain leaders in multifamily affordable housing finance, offering a full suite of products to affordable multifamily owners, including balance sheet, FHA, Fannie Mae and Freddie Mac.
To our clients, employees, community and industry partners: Thank you. Thank you for growing with us and for your continued support and loyalty. We look forward to sharing this next chapter with you.
Michael R. Dury, President