PFGI Capital Corporation · Cleveland, OH United States
Company Description
Phone: 216-222-2000
Fax: 216-222-2983
Toll Free: 800-622-4204
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This link will open in a new window PFGI Capital invests in commercial mortgage loans. As a real estate investment trust (REIT), the company pays no taxes, but must have at least 75% of its assets in real estate holdings. PFGI more than qualifies in this regard; all of its assets are loan participations secured by commercial property, such as office buildings, apartment complexes and condominiums, warehouses, retail space, strip malls, mobile home parks, nursing homes, hotels, churches, and farms. Most of the underlying properties are in Ohio. Parent company National City acquired PFGI Capital when it bought Provident Financial Group in 2004. PNC Financial Services bought National City in 2008. To read the full description, subscribe now.
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Key PFGI Capital Corporation Financials
| Company Type | Subsidiary Single Location |
| Fiscal Year-End | December |
PFGI Capital Corporation Executives
7 executives listed for PFGI Capital Corporation's Cleveland, OH location.
| Title | Name & Bio | Contact |
| CFO, Treasurer, and Director; VP Corporate Treasury, National City Corp | David Lucido | Network |
| SVP, Assistant Secretary, and Director | Daniel DeMoss | Network |
| VP, Assistant Secretary, and Director | Beth Adams | Network |
Competition
Competitive Landscape for PFGI Capital Corporation
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top PFGI Capital Corporation Competitors
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