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Prudential Huntoon Paige Provides $9.7 Million FHA Refinance Loan for Property in Roseville, Michigan.

Business Wire

| February 01, 2007 | COPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ROSEVILLE, Mich. -- Prudential Mortgage Capital Company announced today that it has originated a $ 9.7 million refinance loan for Kensington Place apartments, a multi-family housing property in Roseville, MI, that boasts a mix of one, two and three bedroom units. Prudential originated the FHA-insured loan through its FHA lending business, Prudential Huntoon Paige. Prudential Mortgage Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

"This was a great transaction for everyone," said Patrick J. Kempton, Director, Prudential Huntoon Paige, Mid-West Region. "Berger Realty Group was able to significantly reduce their debt…

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