PNL purchases existing commercial mortgages secured by office buildings, shopping centers, apartments, warehouses, land and other types of real estate located throughout the United States and Canada.  In particular, PNL seeks sub-performing and non-performing loans and pools. Since 1993, PNL has acquired assets with loan balances in excess of two billion dollars from banks, insurance companies and governmental entities including Citibank, JPMorgan Chase, Wachovia, Bank of America, General Electric, LoneStar Funds, Aetna, Met Life, HUD, and the FDIC.