Institutional Lender
Principal
Headquartered in Des Moines, Iowa, Principal Life Insurance Company, as part of Principal Financial Group, primarily focuses on providing large-scale commercial real estate debt through first-lien mortgage loans, private credit funds, and construction financing for major income-producing properties and institutional borrowers.
Key Statistics
As of December 2025, public records show Principal has originated approximately $3.0B in loan volume over the past 12 months, with an average loan size of $31.1M.
Volume (12mo)
$3.0B
Avg Loan Size
$31.1M
Total Mortgages
1,393
Total Borrowers
916
Lending Entities
Principal funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.
1,167 mortgages recorded
67 mortgages recorded
59 mortgages recorded
41 mortgages recorded
+33 more not shown
Geography
Principal's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.
Mortgages (12mo): 15
Volume (12mo): $518.7M
Total Volume: $11.4B
Mortgages (12mo): 10
Volume (12mo): $522.6M
Total Volume: $4.8B
Mortgages (12mo): 8
Volume (12mo): $26.5M
Total Volume: $1.6B
Top Borrowers
The following individuals have the most recorded mortgage transactions with Principal. Click on a borrower to view their full investor profile.
+913 more not shown
FAQ
What type of lender is Principal?
Principal is classified as an institutional lender based on our research. Institutional lenders provide large-scale debt for major commercial real estate projects. The majority of their loans (93%) are for business purposes.
What entities does Principal fund loans under?
Principal originates mortgages through 37 different lending entities. The most common include Principal Life Insurance, Employers Reassurance, and Union Fidelity Life Insurance. These are the legal entity names that appear on recorded mortgage documents.
Where is Principal most active?
Based on recorded mortgages, Principal is most active in California, New Jersey, and New York.
How many loans has Principal originated?
Public records show 1,393 mortgages recorded for Principal, with $3.0B in volume over the past 12 months.
What is the average loan size for Principal?
The average mortgage size for Principal is $31.1M based on all recorded mortgages.
Does Principal offer short-term loans?
Principal primarily offers long-term financing, with only 7% of loans being short-term.
How is this data collected?
Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.