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JUAREZ, MEXICO-Verde Realty, based in El Paso, TX, has recently received a $46.5-million loan for 22 industrial properties it owns in four cities in Mexico. Newark, NJ-based Prudential Mortgage Capital Co. closed the fixed-rate, 84-month loan, that was combined with an existing $93-million loan.

The properties are scattered across Tijuana, Juarez, Reynosa and Chihuahua. Verde owns 31 industrial buildings in these cities, as well as properties in Texas, California, New Mexico and Arizona. A company representative did not return a request for comment in time for publication, so it’s not clear which properties are included in this recent loan. The facilities include the 854,510-sf Verde AeroParque here.

A company statement says the properties securing the $139.5-million combined loan total more than 4.7 million sf and were constructed between 1980 and 2008. The company invests in real estate opportunities along the US/Mexico border, and aims to become the leading owner-operator of commercial border distribution facilities, according to the statement.

Frederick van Overbeek and Elizabeth Velazquez with Prudential’s San Francisco office originated the loan. “This loan is our fifth mortgage financing in Mexico, van Overbeek says in the statement.

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