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DEARBORN, MI-Prudential Mortgage Capital Company, a business of New Jersey-based The Prudential Insurance Company of America, has originated a $16.8-million commercial mortgage loan for its conduit to DM Associates, LLC secured by Village Plaza. The 10-year term loan has a 30-year amortization schedule and an interest rate of 7.54%.

The 272,000-sf office building was constructed in 1968 and is currently89% occupied with half the space rented to Oakwood Hospital.

The broker on the financing was Bill Johnson of Beacon Mortgage Capital in Chicago. David Harvey was Prudential’s originator on the loan.

Prudential Mortgage Capital Company is a national full-service, commercial mortgage finance business, originating mortgage loans for Fannie Mae and FHA programs, the capital and high-yield markets, Prudential’s general account, and other institutional investors.

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