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PGIM Commercial Mortgage Loans

Reviewed by Trevor Damyan, Commercial Mortgage Broker (CA DRE 02244836) · Updated 2026-09-10

PGIM Real Estate (Prudential) is a top-five national commercial mortgage originator with core, core-plus, and structured debt programs across all property sectors. PGIM is licensed as a California finance lender (DFPI 60DBO-105210), and CLS is a California-licensed brokerage — so California transactions move without licensing friction.

Channel: Direct desk — open-market submissions via CLS

Program parameters

Loan size	Not published; top-5 national originator, institutional scale
Terms	Core and core-plus; structured debt
Leverage	Deal-by-deal
Programs	Core debt; core-plus; structured; agency overlays
Property types	All sectors
Geography	Nationwide

Why borrowers pick PGIM through CLS

California-licensed lender

DFPI license on the lender side means clean execution for CA deals.

Structured debt capability

Non-standard assets and capital structures have a real home here.

Institutional scale

Large loans and portfolio executions without syndication.

How placement works

CLS underwrites the opportunity, matches it to the desks currently competing — PGIM included — and builds a comparable field of proposals across rate, proceeds, recourse, prepayment, and closing certainty. You see every live option, not just the first term sheet.

Ready to test the market? Submit your transaction or review the full life company lender table.

PGIM lending, clarified.

Does PGIM lend through brokers?

Yes. PGIM Real Estate (Prudential) works with commercial mortgage brokers. CLS CRE places loans with PGIM through direct open-market submission and an active relationship in our lender database. The desk evaluates the asset, sponsorship, and market, then quotes structure and spread.

What loan sizes does PGIM offer?

Not published (top-5 national originator). Spreads are set deal-by-deal over Treasury yields; the ranges shown reflect recently executed transactions and current desk guidance.

How do I qualify for a PGIM commercial mortgage?

Stabilized, documented NOI; institutional-quality asset in a proven market; conservative leverage with 1.25x+ DSCR; and a sponsor group with net worth and liquidity. Submit through CLS CRE and we underwrite the deal against the desk's current appetite before it goes anywhere.

How fast can a PGIM loan close?

Typically 45 to 75 days from executed term sheet on correspondent and direct executions, depending on third-party report turnaround and title. CLS manages appraisal, environmental, and property condition through Symetra-style approved vendor lists.