Prudential Kicks In $160M Loan For GID's NYC Apartment Buy

Law360, New York (May 28, 2013, 6:47 PM EDT) -- A unit of Boston's GID Investment Advisers LLC secured a $160.4 million loan from Prudential Mortgage Capital Co. to help finance its acquisition of two Manhattan high-rise apartment buildings, according to a Tuesday statement.

The Upper West Side properties were sold by a joint venture led by an affiliate of The Carlyle Group to GID for about $401 million last month, according to city documents. GID bought the properties with equity partner California State Teachers' Retirement System.

For Prudential, the deal was a prime investment in...
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