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PGIM Real Estate closes 3 key deals for more than $222M in core plus lending

2022-03-11T15:53:00

NEWARK, N.J., March 11, 2022 – PGIM Real Estate has provided more than $222 million in core plus financing on behalf of two investors. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

The financing was spread across three key transactions that represent a variety of property types — from a mixed-use deal with office and retail in Chicago to multifamily deals in Atlanta and Florida.

“This financing is reflective of PGIM’s positive outlook for the multifamily and mixed-use sectors,” said Trace Wilson, executive director and loan originator with PGIM Real Estate. “We ended the year with strong loan activity, which demonstrates our success for meeting borrower demand for bridge financing, and we look forward to carrying this momentum into the year ahead.”

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