COLUMBUS—Prudential Mortgage Capital Companyprovided a $26 million Freddie Mac loan toEdwards Companies to refinance ArlingtonPark Apartments, a 284-unit apartment community insuburban Hilliard, OH. Prudential Mortgage Capital Company is thecommercial mortgage lending business of PrudentialFinancial, Inc.

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“The quality and location of the property coupled with thestrength and reputation of the sponsor made this an attractivetransaction,” says Chuck Meyer, a Columbus-basedprincipal with Prudential's multifamily originations team, who ledthe transaction. “We look forward to expanding our relationshipwith Edwards Company and supporting their efforts in themultifamily and student housing markets.”

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Meyer, who recently joined Prudential, notes that ArlingtonPark's location in the affluent suburban community of Mill Run alsohelped.

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Completed in 2010, Arlington Park's class A units includegranite countertops, brushed nickel hardware and lake views incertain apartments. Amenities include a resort-style pool, gameroom, movie theater, business center, valet dry cleaning and24-hour emergency maintenance.

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“The neighborhood's walkable, urban feel and character withnearby dining, recreation and services are some of the featuresthat drive many to rent today as the project's strong occupancysince its 2010 completion,” Meyer adds.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.