With more than 150 years of experience and a real estate portfolio of over $50 billion in mortgage loans and over $14 billion in equity investments¹, Northwestern Mutual Real Estate's strength as an institutional mortgage lender and real estate owner speaks for itself.

NMRE's experienced and diverse real estate team consists of in-house legal counsel; environmental engineers; architects; and insurance, tax and closing specialists.

Mortgage Loans:  NMRE looks for financing opportunities among a diverse group of property types. Our regional office system takes a "boots on the ground" approach to generating new business, assuring clients are working with experienced local professionals and receiving reliable, timely responses. Northwestern Mutual Real Estate values long lasting relationships and works to flexibly and effectively meet borrower needs through in-house appraisal, legal, closing and servicing (in most cases).

Equity:  NMRE is structured to quickly and creatively execute on new business opportunities. As a single capital source for debt and equity, NMRE is an efficient, flexible solution for joint venture development. NMRE is a long-term investor with skilled, innovative asset managers who work to maximize return. NMRE is looking for acquisition and development opportunities in all property types, chiefly in primary markets.

(1) as of 9/30/24

Why We Do It Well:

• More than 150 years of real estate experience
• Regional Office System:
  Strong local market knowledge, experienced production officers, reliable and timely response. Asset managers that drive reliable execution.
• Transaction Efficiency:
  Tailored transactions to meet client needs, origination, closing and servicing overseen by Northwestern Mutual professionals, certainty of execution.
• Cost Efficiency:
  In-house property appraisal at no cost to borrower, consultant reports paid by Northwestern Mutual in most cases. Single capital source for joint venture debt and equity; efficient, timely closings minimize costs with in-house legal counsel, environmental engineers, architects, and insurance and tax specialists.
• Financial Strength:
  Long-term investor with the experience and flexibility to execute quickly and creatively
• Investment Discretion:
  Dollars invested on behalf of Northwestern Mutual

What We Do - Mortgage Loan:

Property Types:

Apartment | Office | Industrial | Retail | Single Tenant | Medical Office | Senior Housing | Student Housing | Manufactured Housing | Self-Storage | Other

Fixed/Floating Rate Loans:

Permanent | Construction & Permanent | Forward Commitment | Portfolio

Loan Parameters/Underwriting:   5- to 25-year terms, $30 million - $500 million

Amortization:  Structured to meet client needs

Interest Rate:  Fixed rate loans priced over US Treasury yields / Floating rate loans priced over SOFR

Loan to Value:  75% maximum

Debt Coverage:  1.25x minimum

Liability:  Typically non-recourse, except for standard carve-outs and environmental

Deposits:  Required at application, with earnest money refunded at closing

What We Do - Equity:

Property Types:

Apartment | Office | Industrial | Retail | Mixed Use | Manufactured Housing Communities | Other

Size:  $30 million – $250 million

Development:

•  Joint venture and fee development of all property types with emphasis on apartments and distribution warehouses

•  Construction/permanent financing and equity capital available from one source

Acquisition: 

•  Stabilized properties in primary markets

•  Opportunistic acquisitions in select markets