PGIM Plans to Buy $3 Billion GreenSky Loans

Prudential Financial’s asset-management arm PGIM has agreed to acquire about $3 billion of GreenSky home-improvement loans over three years through a forward-flow arrangement, giving GreenSky predictable funding while providing PGIM a repeatable stream of consumer-credit assets to finance or securitize. The deal signals PGIM’s ongoing push to scale its asset-backed financing platform as banks pull back from parts of the market, with PGIM managing roughly $1.5 trillion in assets. It follows PGIM’s earlier commitments, including funding land banking projects, and underscores investor interest in housing-related consumer credit. Capodagli Property Company also leveraged PGIM financing to refinance an $82.6 million bridge loan for Meridia Roselle Park 10 and other NJ multifamily assets, highlighting PGIM’s active role in cross-collateralized debt for Class A properties. Greystone Capital Advisors helped arrange the Capodagli deal, illustrating PGIM’s broader footprint in both consumer-credit securitization and multifamily financing. The combined activity demonstrates PGIM’s strategy to diversify funding sources and capitalize on strong demand in housing and urban redevelopment markets.