Life company lender program — full lender table
Principal Life Commercial Mortgage Loans
Principal Real Estate Investors runs a mid-market commercial mortgage lending program with a construction-to-permanent option few life companies offer. CLS maintains active Principal relationships (Rufus Sadler, Phil Deutsch, Sally Putnam, Marc Poggioli) in its lender database.
Channel: Direct + correspondent — CLS database contacts active
Program parameters
| Loan size | $10M to $100M+ per transaction |
| Terms | Under 3 years to 30 years |
| Programs | Commercial mortgage loans; construction-permanent single close |
| Leverage | Deal-by-deal |
| Property types | Institutional multifamily, industrial, retail, office |
| Geography | Nationwide |
Why borrowers pick Principal Life through CLS
Construction-perm in one close
Lock the permanent rate at construction start — rare in the life company world.
Mid-market focus
The $10M to $50M band gets principal-level attention, not junior-desk treatment.
How placement works
CLS underwrites the opportunity, matches it to the desks currently competing — Principal Life 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.
Principal Life lending, clarified.
Does Principal lend through brokers?
Yes. Principal Real Estate Investors works with commercial mortgage brokers. CLS CRE places loans with Principal 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 Principal offer?
$10M–$100M+ per transaction. 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 Principal 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 Principal 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.
Other life company lender programs
Symetra
MetLife
Manulife (John Hancock)
Guardian Life
Protective LifeGet a Principal Life quote.
Share the property and financing request. We will respond within 24 hours with an initial view.
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