PGIM Real Estate

Agency

PGIM Real Estate is a Arlington, VA-based agency lender that has ranked among Fannie Mae's top DUS lenders with $13.9B in multifamily production from FY2019 through FY2025.

AgencyType

Arlington, VAHQ

869Deals

$12.0BTotal Volume

Active 2026

Key Contacts

pgimrealestate.com

Stephanie Wiggins

OriginationsPrimary

Managing Director

(202) 213-5509 stephanie.wiggins@pgim.com

Trace Wilson

Originations

Executive Director

(404) 704-8948

FHA Lending Activity

869

Total Deals

$9.3B

Total Volume

FY2026 Deals

$78.1M

FY2026 Volume

Source: HUD FHA Multifamily Production Reports

FHA Deal Activity

849

FHA Endorsements

$10.3M

Avg Deal Size

147

Avg Units

States

Individual FHA-insured initial endorsements, FY2001–FY2026

Top 10 Markets: TX (97) · GA (82) · NC (45) · MI (43) · IL (41) · LA (41) · CA (37) · SC (35) · MN (33) · CO (27)

Programs: 223(f) Purchase/Refi (347) · 223(a)(7) Refi (270) · New Const/Rehab (224) · 241(a) Improvements (4)

19% LIHTC · 9% Tax-Exempt Bonds

Source: HUD FHA Multifamily Production Reports

View all 849 FHA deals →

Recent FHA Deals

Nov '25CALDWELL, ID223(f) Purchase/Refi

$19.0M

Nov '25ATLANTA, GANew Const/Rehab

$26.9M

Oct '25MURRAY, UTNew Const/Rehab

$44.4M

Aug '25ATLANTA, GA241(a) Improvements

$3.6M

Aug '25BIRMINGHAM, ALNew Const/Rehab

$39.2M

Active loans held →Maturity wall →Rate tracker →

FHA Portfolio

453

Active Loans

$4.8B

Outstanding

5.51%

Recent Avg Rate

34 yr

Avg Term

Rates and balances on FHA-insured loans currently held in portfolio, as of February 2026

Recent FHA Rate Comps

DateLocationAmountUnitsProgramTermRate

Nov '25Caldwell, ID$19.0M144223(f)35 yr5.38%

Nov '25Atlanta, GA$26.9M159221(d)(4)40 yr4.88%

Oct '25Murray, UT$44.4M199221(d)(4)40 yr4.53%

Aug '25Atlanta, GA$3.6M123223(f)40 yr6.32%

Aug '25Birmingham, AL$39.2M198221(d)(4)40 yr6.3%

Aug '25Columbia, SC$44.1M201221(d)(4)40 yr5.66%

Jan '25Atlanta, GA$28.3M187221(d)(4)40 yr5.43%

Oct '24Dalton, GA$3.6M100223(f)40 yr5.46%

Oct '24Columbia, SC$52.3M288221(d)(4)40 yr5.83%

Oct '24Naples, FL$58.8M252221(d)(4)40 yr5.97%

Avg rate across last 20 endorsed loans5.51%

Full Portfolio: 3.87% avg rate · range 1.94%–9.5%

7 loans ($47.1M) maturing by 2031

MaturityLocationOutstandingUnitsRate

Jan 2029Bronx, NY$1.7M2007.5%

Jan 2029Beaumont, TX$18.8M4831.94%

Aug 2029Brooklyn, NY$5.8M2673.75%

Aug 2029Columbia, SC$183K2047.25%

Dec 2029Englewood, NJ$20.4M5312.96%

Jun 2030Owensboro, KY$111K804.77%

Sep 2030New York, NY$179K1686.88%

Top States: NC (47) · GA (35) · IL (28) · TX (21) · LA (20)

Source: HUD Insured Multifamily Mortgages

Fannie Mae DUS Activity

Years in Top 10

$13.9B

Total DUS Volume

$3.7B

2025 Volume

Source: Fannie Mae DUS Lender Rankings

Lending Programs

Visit pgimrealestate.com for current lending programs and rates.

Deal History

Annual volume by program source.

2021

$862.7M52 deals

2022

$705.2M29 deals

2023

$248.1M15 deals

2024

$212.0M6 deals

2025

$3.9B7 deals

Sources: HUD, Fannie Mae

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