NEWARK, N.J. - Prudential Mortgage Capital Company has closed two loans totaling $31 million using Fannie Mae’s DUS® program for a portfolio of two properties in the northern Virginia area. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

Patrick McGlohn of Prudential Mortgage Capital’s McLean, Va., office arranged the 10-year fixed-rate loans for Culmore Realty Company. "We were delighted to be part of this transaction and work with our partners at Fannie Mae to deliver an excellent borrower experience. We look forward to providing quality service to Culmore Realty over the life of the loans," said McGlohn.

The portfolio includes Idylwood Village West, a 396-unit garden apartment complex in Falls Church, Va., and Providence Hall Apartments, a 196-unit garden apartment complex located in Fairfax, Va. Amenities in both complexes include swimming pools, playgrounds, and laundry facilities. Both are maintained and operated by Culmore Realty Company.

Phil Mudd, Christian Miles, and Jon Goldstein from Cassidy Turley served as intermediaries on both loans.

Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with $63 billion in assets under management and administration as of March 31, 2010. Leveraging a 135-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS® Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Prudential’s general account and proprietary balance sheet program; and other institutional investors. The company maintains a loan servicing portfolio of approximately $63.4 billion, as of March 31, 2010. For more information, please visit http://www.prumortgagecapital.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $693 billion of assets under management as of March 31, 2010, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com.