HFF ARRANGES $100M LOAN FOR 39-STORY MULTIFAMILY BUILDING

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NEW YORK CITY — HFF has arranged $100 million in long-term financing for a 510-unit, high-rise residential property in Manhattan’s Murray Hill neighborhood. Prudential Mortgage Capital Co., the commercial real estate finance business of Prudential Financial Inc. (NYSE: PRU), provided the 20-year, fixed-rate loan. The 39-story building is located on 39th Street between First and Second avenues and includes studio, one- and two- bedroom units. Community amenities include a doorman, parking garage, laundry facilities and bicycle storage. The HFF team representing the borrower included senior managing director Michael Tepedino, managing director Steven Klein and associate director Jennifer Keller. Sarah Teunis, director, and Kathryn Bradford, senior analyst, represented Prudential.

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