Northwestern Mutual
  |  Northwestern Mutual Real Estate

With more than 150 years of experience and a portfolio of over $45 billion1, NMRE’s strength as an institutional mortgage lender speaks for itself.

Northwestern Mutual Real Estate 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).

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
  • 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
  • Investment Discretion:  
    Dollars invested on behalf of Northwestern Mutual

What We Do:

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 | Single Tenant | Portfolio

Loan Parameters/Underwriting:  5- to 25-year terms, $20 million - $500 million

Amortization:  Structured to meet client needs

Interest Rate:  Priced over US Treasury yields

Loan to Value:  75% maximum2

Debt Coverage: 1.25x  minimum3

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

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

1 As of 12/31/2022.
2 Single tenant or rapid amortization may be higher.
3 Single tenant or rapid amortization may be lower.