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PGIM — news, coverage & facts — IJR

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Finance
PGIM Plans to Buy $3 Billion GreenSky Loans
PGIM’s asset-backed financing footprint is expanding, with a three-year forward-flow deal to purchase about $3 billion of GreenSky home-improvement loans, signaling growth as banks pull back from certain consumer-credit channels tied to housing. Separately, PGIM has been active in NJ multifamily lending, providing hundreds of millions in debt across a portfolio of Capodagli properties and related assets, illustrating ongoing support for residential real estate financing.
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PGIM, Inc. (PGIM), formerly Prudential Investment Management, is the asset management arm of American life insurance company Prudential Financial.

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