Prudential Offers $425M Loans To Chicago, Seattle Towers

Law360, New York (March 6, 2013, 7:12 PM EST) -- In a nod to the strengthening office market, Prudential Mortgage Capital Co. has provided a $425 million financing package to two high-rise properties — one in Chicago, another in Seattle — and plans to strike similar deals in the future, the company said Wednesday.

The majority of the package, $300 million in a 10-year loan, is being used to refinance Chicago's 155 North Wacker tower, according to Prudential Mortgage. The company declined to disclose the owner of the property, but The John Buck Co. developed it...
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