Built-to-Suit CTL Financing: A Smarter Way to Build
For more than 20 years, PGIM has been a trusted partner to tenants, developers, and real estate sponsors, delivering customized financing for built-to-suit projects. Our Credit Tenant Lease (CTL) financing platform is designed to meet the unique needs of each project, offering:
- Up to 100% Loan-to-Value
- 1.0x Debt Service Coverage
- No Origination Fees
- Construction-to-Permanent Financing
- Direct Lending with Fast Execution
By eliminating refinancing risk and minimizing transaction costs, PGIM’s one-stop-shop approach ensures a seamless experience from groundbreaking to lease maturity.
From Concept to Completion: Representative Deal Timeline
Why Work with PGIM
Direct Approach
- Preserve confidentiality
- Flexibility with respect to deal structure
- Quick turnaround and streamlined negotiations
- Ability to invest in size
Experience
- Seasoned financing partners with over 20 years of experience
- Expertise in structuring complex CTL financings, including construction to permanent solutions
- Dedicated CTL team
- In-house construction monitor
Financing Capabilities
- Staged disbursements to match construction funding requirements
- Interest-only during construction paid via proceeds of the financing
Property Type Flexibility
- Corporate-related assets including headquarters, critical infrastructure assets, manufacturing facilities
- All healthcare related assets, including Clinical Facilities, Medical Office, Free-Standing EDs, Administrative Facilities
- On Campus or Off Campus Student Housing, Research Facilities, and other University Facilities
- Large scale data centers, specialized assets
Learn more about credit tenant lease financing capabilities here.
Related Insights:
Meet the Team
August 1, 2025
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