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Prudential Mortgage Closes $125M Loan

Prudential Financial’s commercial mortgage lending business, Prudential Mortgage Capital, has closed a credit facility worth $125 million.

Prudential Financial’scommercial mortgage lending business, Prudential Mortgage Capital,has closed a credit facility worth $125 million. The firm has closed the loan for Bethesda-based real estate investment trust (REIT), Saul Centers.

The loan offers construction take-out financing for Clarendon Center, a mixed use development building in Arlington, Texas. The 15-years term loan, which has a 25-year amortization, has been secured on behalf of general account of Prudential Capital.

Click here for the release from Business Wire.

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