{"id":1003849845,"date":"2008-09-16T12:00:00","date_gmt":"2008-09-16T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/09\/16\/prudential-mortgage-closes-46m-loan-for-verde-realty\/"},"modified":"2022-12-08T16:37:47","modified_gmt":"2022-12-09T00:37:47","slug":"prudential-mortgage-closes-46m-loan-for-verde-realty","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prudential-mortgage-closes-46m-loan-for-verde-realty\/","title":{"rendered":"Prudential Mortgage Closes $46M Loan for Verde Realty"},"content":{"rendered":"<p>Prudential Mortgage Capital Company announced it has closed on a $46.5 million loan in Mexico for Verde Realty. The loan will be pooled with an existing $93 million loan to give the borrower, Verde Mexico, S. de R.L. de C.V., a subsidiary of Verde Realty Operating Partnership L.P., a total of $139.5 million in funds. Verde Realty was formed to invest in real estate opportunities close to the border between the United States and Mexico. The $46.5 million loan is an 84 month fixed rate loan. The pooled loans are backed by 22 manufacturing properties in Mexico totaling over 4.7 million square feet. All were built since 1980. The loan was originated by Frederick van Overbeek and Elizabeth Velazquez of Prudential San Francisco. With the loan, Prudential has shown its interest in expanding into Mexico with with Verde Realty. \u201cThis loan is our fifth mortgage financing in Mexico and reflects Prudential\u2019s commitment to financing high-quality and well-sponsored real estate in the country,\u201d van Overbeek said in a release.Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. The firm currently has approximately $62 billion in assets under its management in the commercial and multifamily sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prudential Mortgage Capital Company announced it has closed on a $46.5 million loan in Mexico for Verde Realty. The loan will be pooled with an existing $93 million loan to give the borrower, Verde Mexico, S. de R.L. de C.V., a subsidiary of Verde Realty Operating Partnership L.P., a total of $139.5 million in funds.&hellip;<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1003849845","post","type-post","status-publish","format-standard","hentry","category-regions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Prudential Mortgage Closes $46M Loan for Verde Realty - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/prudential-mortgage-closes-46m-loan-for-verde-realty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prudential Mortgage Closes $46M Loan for Verde Realty\" \/>\n<meta property=\"og:description\" content=\"Prudential Mortgage Capital Company announced it has closed on a $46.5 million loan in Mexico for Verde Realty. The loan will be pooled with an existing $93 million loan to give the borrower, Verde Mexico, S. de R.L. de C.V., a subsidiary of Verde Realty Operating Partnership L.P., a total of $139.5 million in funds.&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prudential-mortgage-closes-46m-loan-for-verde-realty\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2008-09-16T20:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:37:47+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-closes-46m-loan-for-verde-realty\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-closes-46m-loan-for-verde-realty\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1d2a393e4a57d6d45707374e94ab4fef\"},\"headline\":\"Prudential Mortgage Closes $46M Loan for Verde Realty\",\"datePublished\":\"2008-09-16T20:00:00+00:00\",\"dateModified\":\"2022-12-09T00:37:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-closes-46m-loan-for-verde-realty\\\/\"},\"wordCount\":203,\"commentCount\":0,\"articleSection\":[\"Regions\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-closes-46m-loan-for-verde-realty\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-closes-46m-loan-for-verde-realty\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prudential-mortgage-closes-46m-loan-for-verde-realty\\\/\",\"name\":\"Prudential Mortgage Closes $46M Loan for Verde Realty - 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