💥Banks Buckle: PGIM Swoops in on Toxic Debt

As banks buckle, PGIM seizes high-risk opportunity

Big changes are brewing in the debt market as PGIM and Citymark dive into a joint venture to snap up debt on multifamily properties.

With $650 billion in loans set to mature soon and banks feeling the squeeze, these two financial powerhouses are jumping in, hoping to profit where traditional lenders are backing out.

Meanwhile, office real estate is hitt…