Transitional
PGIM Real Estate offers a comprehensive range of non-recourse, core plus commercial real estate loans for transitional, value-add, and stabilized properties across all sectors and in both primary and secondary markets.
Core Plus
- Senior debt from $30 to $400 million
- 3-7 years inclusive of extension options
- Up to 80% loan as stabilized
- Non-recourse, except for standard carve-outs
- Flexible with minimum interest
- Future funding, release flexibility, interest reserve and earnout funding
- Fees for origination, exit and extensions may be applicable
- Bulk Distribution / Industrial
- Apartments
- Grocery-Anchored Retail
- Dominant malls
- Senior Housing
- Office
- Other Specialty Assets