Market Overview

Prudential Mortgage Capital Provides $142.5M in Financing to Douglas Emmett

Prudential Mortgage Capital Company provided one half of a $285 million loan made to Douglas Emmett, Inc. (NYSE: DEI) for Warner Center Towers, a 1.9 million square-foot office campus near Los Angeles. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU). Northwestern Mutual is providing the other $142.5 million.

The seven-year, fixed-rate financing is a new loan for Warner Center, which is situated on 21.1 acres in Woodland Hills, Calif., and consists of five office towers, a well-known gym and a restaurant.

Posted-In: News Financing

 

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