Pgim Real Estate Finance Mortgage Rates, Fees & Info
Newark, NJLEI: B2S31CFVSWTN3FR00Q90
Tax ID: 22-3529425
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pgim Real Estate Finance is a mid-sized mortgage company specializing in Refi and Home Purchase loans. Pgim Real Estate Finance has a high proportion of conventional loans. Their top markets by origination volume include: New York, Denver, Los Angeles, Seattle, and Philadelphia among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)Pgim Real Estate Finance has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
68Origination Dollar Volume (All Markets)
$3,502,090,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $457,285,000 | $65,326,429 | $0 | 8.26% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $308,565,000 | $44,080,714 | $0 | 6.19% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $300,070,000 | $150,035,000 | $0 | 2.92% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $265,910,000 | $44,318,333 | $0 | 6.74% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $252,005,000 | $252,005,000 | $0 | 6.33% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $215,625,000 | $43,125,000 | $0 | 7.29% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $151,225,000 | $50,408,333 | $0 | 6.56% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $147,705,000 | $147,705,000 | $0 | 6.04% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $142,605,000 | $47,535,000 | $0 | 5.68% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $134,330,000 | $67,165,000 | $0 | 5.42% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $118,415,000 | $39,471,667 | $0 | 7.02% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $117,135,000 | $39,045,000 | $0 | 6.02% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $112,855,000 | $37,618,333 | $0 | 7.54% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $90,005,000 | $90,005,000 | $0 | 5.59% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $86,635,000 | $28,878,333 | $0 | 9.02% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $86,005,000 | $86,005,000 | $0 | 6.14% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $72,430,000 | $36,215,000 | $0 | 6.47% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $65,070,000 | $32,535,000 | $0 | 5.35% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $53,035,000 | $53,035,000 | $0 | 5.77% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $48,505,000 | $48,505,000 | $0 | 6.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $42,005,000 | $42,005,000 | $0 | 5.52% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $36,315,000 | $36,315,000 | $0 | 5.77% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $35,945,000 | $35,945,000 | $0 | 5.77% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $35,645,000 | $35,645,000 | $0 | 5.77% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $33,380,000 | $16,690,000 | $0 | 7.39% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $23,655,000 | $23,655,000 | $0 | 5.77% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $20,005,000 | $20,005,000 | $0 | 5.20% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $19,945,000 | $19,945,000 | $0 | 6.68% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $19,055,000 | $19,055,000 | $0 | 13.94% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $10,725,000 | $10,725,000 | $0 | 8.08% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $3,502,090,000 | $51,501,324 | $0 | 6.72% |
For 2024, Pgim Real Estate Finance's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
For 2024, Pgim Real Estate Finance's most frequently cited loan purpose was Refi, with 41 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
For 2024, Pgim Real Estate Finance's most frequently cited loan duration was Other, with 28 originations. The 2nd most popular length was 3 Year, with 15 originations.
Interest Rates
During 2024, Pgim Real Estate Finance's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 30 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 68 | $3,502,090,000 | $51,501,324 | $0 | 6.72% |
2024 saw Pgim Real Estate Finance place emphasis on $1MM+ loans with 68 originations, totaling $3,502,090,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 68 | $3,502,090,000 | $51,501,324 | $0 | 6.72% |
Approval Rates
Total approvals of all applications98.63%
Pgim Real Estate Finance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.12%
Pgim Real Estate Finance has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 68 | $3,502,090,000 | $51,501,324 |