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Outrigger Hotel Gets $138M Prudential Loan

Prudential Mortgage Capital has provided a $137.8 million loan for Outrigger Hotels & Resorts.

Prudential Mortgage Capital has provided a $137.8 million loan for Outrigger Hotels & Resorts. The loan is secured by Hawaii’s Outrigger Reef Hotel. The fixed-rate loan is scheduled to mature in 2018.

Prudential’s San Francisco-based team arranged the financing, led by Frederick van Overbeek, a principal, and Elizabeth Velazquez, director of originations. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial.

Click here for the release from Business Wire.

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