Prudential Unit To Loan $166M For UK Waldorf Hilton Refi

Law360, New York (November 21, 2013, 4:03 PM EST) -- The commercial mortgage lending arm of Prudential Financial Inc. has agreed to loan $165.8 million to refinance The Waldorf Hilton luxury hotel in London as part of Prudential’s recent surge in European financing, the company said Thursday.

Prudential Mortgage Capital Co. will provide a fixed-rate loan to refinance existing debt from the 2007 purchase of The Waldorf Hilton, wholly owned by London hoteliers the Bhatia family, Prudential said. The deal is Prudential’s seventh commercial real estate loan since starting its European business in 2012 and its...
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