Mezzanine
We offer a variety of mezzanine and preferred equity solutions with a focus on institutional-quality real estate in primary markets.
Mezzanine
- $10-million to $100-million investment amount
- Fixed and floating structure
- 2- to 5-year term
- Up to 85% loan to value
- Focus on institutional-quality real estate
- Major property types, as well as self-storage, medical office and student and senior housing
- Returns based upon business plan – typically 7% to 14%
- Non-recourse, except for standard carve-outs
- Bulk distribution/industrial
- Apartments
- Grocery-Anchored Retail
- Senior Housing
- Office
The brand “PGIM Real Estate” encompasses both (1) a fund advisory business headquartered in Newark, New Jersey, which operates as a business unit of PGIM Inc., an SEC-registered investment adviser organized as a New Jersey corporation (“PGIM”), under the name “PGIM Real Estate”, and (2) a commercial real estate debt origination and advisory platform which operates through a separate, affiliated legal entity known as PGIM Real Estate Finance, LLC (“PGIM REF”), a Delaware limited liability company. Several officers of PGIM REF are also associated with PGIM Inc., and, from time-to-time, may provide services to PGIM Real Estate in their capacities as officers of PGIM that are separate and distinct from the services they provide as officers of PGIM REF.