Prudential Approves Loan to Verde Mexico

US real estate conglomerate Prudential has closed a $46.5m loan through its Mexican mortgage subsidiary for Verde Realty’s Verde Mexico unit. The fixed rate 84-month term loan was combined with an existing $93m loan and is secured through a pool of 22 industrial manufacturing properties located in Tijuana, Juarez, Reynosa and Chihuahua, Prudential says. Terms of the loan were not disclosed.