Prime Rate Seeks M&A Target

Prime Rate Investors Inc., Coral Gables, Fla., has announced the retention of New York-based Windsor Capital to search for "a prominent, regional 'hard equity' mortgage company" in the Northeast to be acquired by Prime Rate.Prime Rate lends through its subsidiary Tampa Bay Mortgage Solutions Inc. "The company realizes that the time is perfect for growth and expansion in our market as interest rates are rising, which makes our rates more affordable to our borrowers," said Richard Astrom, president of Prime Rate. The company can be found on the Web at http://www.prrm.us.