About the Role
PGIM Real Estate's Originations team seeks an Originator responsible for sourcing and originating commercial real estate debt investments, focusing on Core Plus loans for transitional assets. The role requires direct originations responsibilities and a proven track record in originating and negotiating commercial real estate loans.
Responsibilities
- Sourcing and originating commercial real estate debt investments across the United States for PGIM’s investors.
- Managing all aspects of the loan origination process, including analysis, underwriting, debt structuring, pricing strategy, presentations to senior management, due diligence review, transaction negotiation, and closing.
- Developing and maintaining relationships with prospective borrowers, intermediaries, and existing clients.
- Managing and developing a team of analysts and associates.
Requirements
- Minimum 10 years of experience in commercial real estate lending.
- Substantial knowledge of the transitional bridge lending space.
- Substantial knowledge of the markets in Northern California and the Pacific Northwest.
- Existing borrower and broker relationships in Northern California and the Pacific Northwest.
- Familiarity with all major property types (multifamily, industrial, retail, office, self-storage).
- A credit mindset and the ability to review, structure, and underwrite loans to mitigate risks.
- Excellent organizational skills and attention to detail with the ability to manage multiple projects simultaneously.
- Outstanding written and verbal communication skills.
- Ability to work both independently and as an integral member of a team.
- Management experience.
Skills
- Commercial real estate lending
- Transitional bridge lending
- Market knowledge (Northern California and Pacific Northwest)
- Borrower and broker relationship management
- Property type familiarity (multifamily, industrial, retail, office, self-storage)
- Credit analysis and underwriting
- Risk mitigation
- Organizational skills
- Attention to detail
- Project management
- Written communication
- Verbal communication
- Teamwork
- Independent work
- Management
- MS Office applications (Excel, Word, PowerPoint)
- Argus
Location
- United States
Work Type
- Full-time
Experience Level
- Minimum 10 years
Education Level
- MBA from a top program strongly preferred
Salary/Compensations
- $215,000 to $230,000
Benefits
- Market competitive base salaries
- Yearly bonus potential
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Disability insurance
- Paid Time Off (PTO)
- Parental leave
- Military leave
- 401(k) plan with company match (up to 4%)
- Company-funded pension plan
- Wellness Programs (up to $1,600/year reimbursement)
- Work/Life Resources
- Education Benefit
- Employee Stock Purchase Plan
About the Company
- PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU).
- With $207.9 billion in gross assets under management and administration ($133.8 billion net), PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.
- PGIM Real Estate's risk management approach, execution capabilities, and industry insights are backed by a 50-year legacy of investing in commercial real estate and a 140-year history of real estate financing.
- The company has local experience of professionals in 32 cities globally.
- PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world.
Equal Opportunity
- Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.
- If you need an accommodation to complete the application process, please email accommodations.hw@prudential.com.
- If you are experiencing a technical issue with your application or an assessment, please email careers.technicalsupport@prudential.com to request assistance.
