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Article: Prudential Mortgage Capital Closes $80.3 Million Loan for Brookdale Senior Living.
- Article from:
- Business Wire
- Article date:
- December 18, 2007
CopyrightCOPYRIGHT 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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DALLAS -- Prudential Mortgage Capital Company announced today that it has closed a $80.3 million loan on behalf of its general account for Brookdale Senior Living. The portfolio consists of five assisted living, memory care and skilled nursing facilities in Ohio, Texas, Kansas and Kentucky. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU).
The portfolio includes the following:
Homewood Residence at Richmond Heights in Cleveland opened in 2000 and boasts 78 assisted-living units and 17 memory-care units. Brookdale plans to expand the property with a 60-bed skilled-nursing facility.
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