Prudential Mortgage Capital and General Motors Asset Management originated a $63 million commercial mortgage loan with one of TA Associates Realty’s managed accounts for its institutional mortgage co-investment program. Prudential and GMAM, on behalf of $132 billion in pension trusts, each have contributed $31.5 million in mortgage loan proceeds. Prudential will service the seven-year loan, which is secured by a cross-collateralized real estate portfolio of five Class-A office buildings in California, Missouri and Texas.
Prudential Mortgage Capital and General Motors Asset Management...
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