“The Waldorf Hilton loan is both testament to Prudential Mortgage Capital Company’s long-term commitment to European markets and also our ability to deploy capital on behalf of third party mortgage investors,” said Drew Abernethy, head of European originations for Prudential Mortgage Capital Company. “We are proud to have been involved in this transaction.”
Looking forward to 2014, Prudential Mortgage Capital Company will continue its focus on senior, fixed-rate commercial real estate debt in Europe. Its European program offers similar loan structures to those offered by the company in the US, and as in the US, the company has the ability to fund individual transactions of significant size.
Notes to editors:
Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with more than $74 billion in assets under management and administration as of June 30, 2013. Leveraging a 135-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS®, Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Conduit; Prudential’s general account and proprietary balance sheet program; and other institutional investors. The company maintains a loan servicing portfolio of approximately $71.9 billion, as of June 30, 2013. For more information, please visit http://www.prumortgagecapital.com.Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2013, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.