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Prudential Mortgage Capital Company provides $44 Million Loan for Charlotte Apartment Complex

Prudential Mortgage Capital Company today announced it provided a $44 million loan to a joint venture between Stockbridge Capital Group and TriBridge Residential to acquire Venue, a 366 unit luxury apartment complex in the Elizabeth neighborhood of Charlotte, NC.

Mortgage rates move higher

The 30-year fixed-rate average climbed higher for the second week in a row to 3.76 percent.