PGIM Real Estate provides $40.7M HUD loan for affordable housing property
PGIM Real Estate has provided a $40.7 million fixed-rate loan to Hudson Valley Property Group for the substantial rehabilitation of Northgate 1 Apartments.
A spectrum of solutions backed by deep multifamily lending knowledge
With expertise throughout primary and secondary markets – and across the capital stack – we provide access to financing for the acquisition, refinancing or substantial rehabilitation of conventional and affordable multifamily properties.
Agency
We have 20 years of experience as a designated Fannie Mae DUS, Freddie Mac Optigo, and FHA lender.
Core
Backed by the strength of PGIM, we provide fixed and floating rate senior debt for multifamily projects.
Core Plus and Structured Debt
We are experienced with transitional, value-add, and stabilized properties across all primary and secondary markets, with mezzanine and preferred equity solutions.
PGIM Real Estate has provided a $40.7 million fixed-rate loan to Hudson Valley Property Group for the substantial rehabilitation of Northgate 1 Apartments.
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The representative transactions and images shown are for illustrative purposes only.
Note: All data as of 12/31/23 unless otherwise noted.
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.