Prudential Mortgage Capital Closes $ 175,000,000 loan for Metropolitan Square
Newark, NJ (openPR) 25 May 2010
Prudential Mortgage Capital Company has a $ 5,000,000 loan on behalf of his client account for Metropolitan Square, a closed 602 096 – foot office building at the corner of 15th Street and G in the East End of Washington, DC, the borrower, The Metropolitan Square Associates, is a joint venture of Boston Properties managed. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).
Melissa Farrell and Sarah Teunis Prudential Mortgage Capital? s fixed-income New York office, arranged the loan of 10 years.
? We were very pleased with Boston Properties on the transaction, which was an excellent investment opportunity for Prudential Mortgage Capital emprunteur because of the work? s Real Estate expertise and excellent quality of the property and irreplaceable location, “said Farrell.” We are pleased to remain committed to Boston Properties work on the life of the loan and provide excellent service to our borrowers. “
Metropolitan Square is located opposite the U.S. Treasury and is one block from the White House. It also includes views of the Washington Monument, National Mall and Arlington, Va. The office building has 12 floors of an atrium and four levels of parking.
Prudential Mortgage Capital
Company is a full-service national commercial and multifamily mortgage finance business with billions in assets under management and directors in March 31 December 2010. Taking advantage of a 135-year history of the company Real Estate Finance offers one of the most complete lines of real products and real estate financing came from loans for Fannie Mae DUSA? ¢, Freddie Mac Program Plus ®, and special programs for affordable housing, FHA, Prudential? ?? s own account and balance sheet proprietary program, and other institutional investors. The company has a portfolio of service-loan of approximately $ 0400000000, 31 March December 2010. For more information, please visit http://www.prumortgagecapital.com.
Prudential Financial, Inc. (NYSE: PRU), a leading financial services provider, about 3 billion assets under management in March, 31 August 2010 with offices in the United States, Asia, Latin America and Europe. Prudential? S to help diverse and talented staff, individual and institutional customers grow and protect their heritage through a variety of products and services including life insurance, annuities, retirement-related services, committed, mutual funds, investment management and real estate services. In the U.S., Prudential? Rock iconic symbol S stands for strength, stability, expertise and innovation for over a century. For more information, please visit http://www.news.prudential.com.
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Commercial mortgages