PGIM Real Estate Debt Originator (San Francisco, CA)

Prudential Annuities Distributors (PAD); San Francisco (CA); On-site; USD 215,000 - 230,000; Full time

Benefits offered by this job

Market-competitive salaries and annual

Bonus potential

Comprehensive benefits

401(k) with company match

Pension plan

Wellness programs

Education benefit

Employee stock purchase plan

Discretionary annual incentive

Job summary

PGIM Real Estate is seeking an experienced Originator to source and originate commercial real estate debt investments for PGIM’s investors, focusing on Core Plus and transitional assets. You will lead the loan origination process and manage relationships with borrowers and intermediaries.

Your responsibilities include underwriting, structuring, and closing loans, while mentoring a team of analysts and associates in a fast-paced, collaborative environment.

Qualifications

• Minimum 10 years of experience in commercial real estate lending.
• Strong track record originating and negotiating commercial real estate loans.
• Knowledge of Core Plus and transitional bridge lending.
• Established borrower and broker relationships in Northern California and Pacific Northwest.
• Credit mindset with ability to structure and underwrite loans.
• Excellent organizational skills and ability to manage multiple projects.
• Outstanding written and verbal communication skills.

Responsibilities

• Source and originate commercial real estate debt investments across the United States for PGIM’s investors.
• Manage all aspects of the loan origination process: analysis, underwriting, debt structuring, pricing, presentations to senior management, due diligence, closing.
• Develop and maintain relationships with borrowers, intermediaries, and existing clients across PGIM’s platform.
• Lead and develop a team of analysts and associates.
• Present findings and recommendations to senior management.

Skills

Commercial real estate lending

Bridge lending

Team leadership

Credit underwriting

Relationship management

Excel

Argus

Education

MBA

Tools

MS Office (Excel)

Argus

Job description

Job Classification: Investment Management - Investments

GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

What you will do:

PGIM Real Estate’s Originations team engages in all aspects of the loan origination process. As an Originator, you would be directly responsible for sourcing and originating commercial real estate debt investments for our various investors with a focus on Core Plus loans on transitional assets. The expectation is that this person will assume direct originations responsibilities upon joining. We seek demonstrated experience successfully originating and negotiating commercial real estate loans as evidenced by a strong track record of closed loans over the past several years.

What you can expect:

Responsible for sourcing (directly and through partnering internally) and originating commercial real estate debt investments across the United States for PGIM’s investors. Responsible for 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 relationships with prospective borrowers and intermediaries while maintaining and building enduring relationships with existing clients across PGIM’s platform. Responsible for managing and developing a team of analysts and associates.

What you will bring:

• 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 corresponding to the needs of PGIM’s investors.
• Excellent organizational skills and attention to detail with 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.

What will set you apart:

• MBA from a top program strongly preferred.
• Proficiency in MS Office applications (Excel, Word, and PowerPoint) and Argus strongly preferred.

*PGIM welcomes all applicants, even if you don't meet every requirement.

Note: Prudential is required by state-specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $215,000 to $230,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Roles may also be eligible for additional compensation and/or benefits.

About PGIM Real Estate

With $207.9 billion in gross assets under management and administration ($133.8 billion net),1 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 is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). 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, a 140-year history of real estate financing,2 and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, 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. For more information visit pgimrealestate.com.

What we offer you:

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).
• Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.

Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

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 [e-mail].

If you are experiencing a technical issue with your application or an assessment, please email [e-mail] to request assistance.

PGIM Inc.

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives.

For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace

Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.