PPM Ventures Ltd. of London, owned by Prudential plc, one of the largest institutional investors in the United Kingdom, is providing permanent financing of $22.1 million to Nodine Terrace Associates.
The borrower's properties, all anchored by a Publix supermarket, were built in the late 1990s and have a combined net rentable area of 274,000 sf. John Farrell of LJ Melody's local office, found the lender but didn't disclose terms of the loan.
In Marietta, LJ Melody provided a $22-million permanent, fixed-rate loan to Cannon and Co. for the 358-unit Caswyck Town Center. Freddie Mac later purchased the loan. The three-year-old property has a net rentable area of 390,000 sf over 39 acres. Robert LaChapelle and Richard Jordan of LJ Melody's local office brokered the loan but didn't disclose its terms.
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