Prudential Mortgage Capital Closes $25.8 Million Loan for Fisher Building Apartments

RISMEDIA, August 20, 2007—(BUSINESS WIRE)—Prudential Mortgage Capital Company announced that it has closed a $25.8 million refinancing loan for the Fisher Building, a high-rise apartment complex in Chicago, on behalf of Fannie Mae DUS™. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc.

Fisher Building is an historical landmark originally constructed in 1896 and most recently renovated in 2002. The 184-unit apartment building still boasts original details such as marble, mahogany doors, mosaic floors, and wooden trim found throughout. Additional building features include a fitness center, laundry facility, business center, lounge, doorman and concierge services, electronic entry security system, storage, on-site ATM machine, 10-foot ceilings and large bay windows. The Fisher Building is located on the east side of the famous Chicago “Loop” near the Harold Washington Public Library and the “El” train station on Van Buren.

Suzanne Standerfer of Prudential’s Chicago office originated the 120-month fixed-rate loan.

Prudential Mortgage Capital Company, a national full-service, commercial and multifamily mortgage finance business, originates loans for Fannie Mae DUS™, FHA and Freddie Mac Targeted Affordable programs; the capital markets; Prudential’s general account; and other institutional investors. The company, with $54.6 billion in assets under management and administration as of June 30, 2007, offers fixed- and floating-rate loans; mezzanine, structured and bridge financing; forward commitments; affordable housing and healthcare finance.

For more information, visit www.prumortgagecapital.com.

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