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  • Mark Gregg
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  • Creighton R. Schneck
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Penrose Financial Services

Penrose Financial Services (PFS) is the capital markets arm of The Penrose Group. PFS is the correspondent for six life insurance companies and originates and services loans on their behalf. In addition to correspondent lending PFS also places debt and equity with a variety of other sources including banks, pension funds, opportunity funds and private equity. PFS has arranged billions of dollars in financing in both debt and equity since formation in 1990. PFS has used various structures to meet client’s needs, including construction loans, bridge loans, term loans, mezzanine debt, participating mortgages, preferred equity and joint ventures.

Penrose Financial Services represents these four Life Insurance Companies. These lenders offer very competitive loan terms for commercial properties throughout the Washington DC – Baltimore region.

Advantus Capital Management
(A Subsidiary of Securian Financial Group)

• Nationwide Investments for Minnesota Mutual Life exceeding $15 Billion Dollars
• $2 - 25 Million, 5-20 Year, Fixed Rate, non-recourse
• Office, retail, industrial, multifamily, hospitality
• Represented by Penrose in Washington and Baltimore since 1999

Assurant, Inc.
(Formerly Fortis Investment Advisors)

• Nationwide Investments exceeding $24 Billion Dollars for various Assurant insurance company holdings
• NYSE Listed - Symbol AIZ
• $1 - 20 Million, 5-20 Year, Fixed Rate, non-recourse
• Equity Investment Program
• Office, retail, industrial, multifamily, hospitality
• Represented by Penrose in Washington and Baltimore since 1994


Aviva Capital Management
(Formerly AmerUs Life Holdings)

• Nationwide Investments exceeding $1 9.5 Billion Dollars
• $ 1 - 35 Million, 5-20 Year, Fixed Rate, non-recourse
• Office, industrial, retail, multifamily
• Represented by Penrose in the Washington Metropolitan area since 1999


Kansas City Life Insurance

• $1 - 5 Million, 5-20 Year, Fixed Rate, minimum-recourse (25%)
• Office, industrial, multifamily
• Represented by Penrose in the Washington Metropolitan area since 2006