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Article: Prudential Huntoon Paige Closes Mark-to-Market Loan for Leetsdale Hi-Rise Apartments.
- Article from:
- Business Wire
- Article date:
- January 11, 2007
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Copyright informationCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEWARK, N.J. -- Prudential Mortgage Capital Company announced that it closed financing for the Leetsdale Hi-Rise Apartments in conjunction with the U.S. Department of Housing and Urban Development's ("HUD's") staff in Pittsburgh, Chicago, and Washington. Prudential originated the FHA-insured loan through its FHA lending business, Prudential Huntoon Paige. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).
"This loan will preserve Leetsdale's affordable housing for thirty years, and we're pleased to provide the money needed to rehabilitate the building and apartments," said Daniel Schachter, director, ...
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