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