Prudential Financial’s commercial 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.