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Affordable Housing New

Affordable Housing FinancingAffordableHousingFinancing

Tailored solutions built on deep lending expertise and a legacy of affordable financing leadership

  • Download Our Affordable Financing Brochure

Experience and Access

With over 20 years of lending experience working with Fannie Mae, Freddie Mac and the Federal Housing Administration, we are committed to leveraging our deep multifamily, affordable housing and healthcare expertise to maintain a leadership position and advance the future of our communities.

Solutions-Oriented Approach

We work with our clients to craft the appropriate financing solution for their diverse needs. We are well-versed in structuring loans around various affordable programs including LIHTC, Section 8, as well as other local and state-wide regulatory agreements. PGIM Real Estate can and has executed affordable loans in all 50 states, plus D.C. and Puerto Rico.

Deep Financing Expertise

  • $23.7B

    Affordable & Mission-Driven Financing¹
  • 260,000

    Units Preserved¹
  • 20+

    Years of Agency Experience

In the News

Alexander and the Wonderful, Delightful, Not Bad, Very Good Day
In the News

Alexander and the Wonderful, Delightful, Not Bad, Very Good Day

Jan 15, 2025

A beloved children’s book character now helps finance affordable homes throughout the U.S.

PERE Credit Profile
Real Estate Debt

PERE Credit Profile

Sep 18, 2024

As traditional lenders scale back, PGIM Real Estate’s team explains how it is looking to increase its market share.

FHFA Announces 2024 Multifamily Loan Purchase Caps
In the News

FHFA Announces 2024 Multifamily Loan Purchase Caps

Nov 14, 2023

FHFA set loan purchase caps at $70 million for each enterprise

Commercial Observer: PGIM Lends $16M on Montana Affordable Senior Housing Property
In the News

Commercial Observer: PGIM Lends $16M on Montana Affordable Senior Housing Property

Jun 16, 2023

PGIM Real Estate provided the FHA 223(f) loan on behalf of Lincoln Avenue Capital

Affordable Financing Leadership

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Mike McRoberts

Head of Agency Lending

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Jamila Houser

Chief Operating Officer, Agency Lending

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Stephanie Wiggins

Head of Agency and FHA Production

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Tina Laurie

Head of FHA Underwriting, Agency Lending

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Tommy Nance

Vice President, Agency Lending

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Michele Levoir Sloan

Executive Director, Affordable Underwriting

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Affordable Financing Team

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Alex Viorst

Executive Director, Agency Financing

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Kenji Tamaoki

Executive Director, Agency Financing

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Lee McNeer

Executive Director, Agency Financing

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Peter TenEyck

Executive Director, Agency Financing

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Ralph Lowen

Executive Director, Agency Financing

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Robyn Cunningham

Executive Director, Agency Financing

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Doug St. Onge

Loan Officer, Agency Financing

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Jeff Devens

Loan Officer, Agency Financing

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Sean Burke

Loan Officer, Agency Financing

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Tom Pollock

Loan Officer, Agency Financing

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The representative transactions and images shown are for illustrative purposes only.

* PGIM Real Estate is the tenth largest Affordable multifamily real estate lender (out of 129 firms surveyed) in terms of production based on the 2023 Mortgage Bankers Association Annual U.S. Origination Rankings published in 3/24. This ranking represents originations production volume from 1/1/23 - 12/31/23. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.

1As of June 30, 2024. Includes all affordable lending since 2001, and mission-driven lending since 2020.

The brand “PGIM Real Estate” encompasses both (1) a fund advisory business headquartered in Newark, New Jersey, which operates as a business unit of PGIM Inc., an SEC-registered investment adviser organized as a New Jersey corporation (“PGIM”), under the name “PGIM Real Estate”, and (2) a commercial real estate debt origination and advisory platform which operates through a separate, affiliated legal entity known as PGIM Real Estate Finance, LLC (“PGIM REF”), a Delaware limited liability company. Several officers of PGIM REF are also associated with PGIM Inc., and, from time-to-time, may provide services to PGIM Real Estate in their capacities as officers of PGIM that are separate and distinct from the services they provide as officers of PGIM REF.

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Disclosure Statement (California)opens in a new window     Disclosure Statement (Japan)       Disclosure Statement (UK)opens in a new window      Disclosure Statement (Luxembourg)opens in a new window      

For Professional Investors only. All investments involve risk, including the possible loss of capital.

The content and materials presented here are for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. PGIM Real Estate is the real estate investment management business of PGIM, the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States. PGIM is a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is a registered investment adviser with the U.S. Securities and Exchange Commission (“SEC”). Registration with the SEC does not imply a certain level of skill or training. 

In the United Kingdom, information is issued by PGIM Private Alternatives (UK) Limited with registered office: Grand Buildings, 1-3 Strand,  Trafalgar Square, London, WC2N 5HR. PGIM Private Alternatives (UK) Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 181389). These materials are issued by PGIM Private Alternatives (UK) Limited to persons who are professional clients as defined under the rules of the FCA. In the European Economic Area (“EEA”), information is issued by PGIM Luxembourg S.A. with registered office: 2, boulevard de la Foire, L1528 Luxembourg. PGIM Luxembourg S.A. is authorized and regulated by the Commission de Surveillance du Sector Financier in Luxembourg (registration number A00001218) and operating on the basis of a European passport. In certain EEA countries, this information, where permitted, may be presented by either PGIM Private Alternatives (UK) Limited or PGIM Limited in reliance of provisions, exemptions, or licenses available to either PGIM Private Alternatives (UK) Limited or PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. PGIM Limited and PGIM Private Alternatives (UK) Limited  have their registered offices at: Grand Buildings, 1-3 Strand, Trafalgar Square, London WC2N 5HR. PGIM Limited is authorized and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number: 193418). PGIM Private Alternatives (UK) Limited is authorized and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number: 181389). These materials are issued by PGIM Luxembourg S.A., PGIM Limited or PGIM Private Alternatives (UK) Limited to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II) and/or to persons who are professional clients as defined under the rules of the FCA. 

In Japan, information is provided by PGIM Real Estate (Japan) Ltd., a Japanese asset manager that is registered with the Kanto Local Finance Bureau of Japan. In Hong Kong, information is issued by PGIM (Hong Kong) Limited, a regulated entity with the Securities and Futures Commission in Hong Kong to professional investors as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap. 571). In Singapore, information is issued by PGIM (Singapore) Pte. Ltd., a regulated entity with the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management and an exempt financial adviser.

In Australia, information is issued by PGIM (Australia) Pty Ltd (“PGIM Australia”) for the general information of its wholesale clients (as defined in the Corporations Act 2001). PGIM Australia is an Australian financial services (“AFS”) licence holder (AFS licence number 544946). 

PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. Prudential, PGIM, their respective logos and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.

The information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.

©2024 PFI and its related entities.

 

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Links from this website to a non-PGIM website may be provided for the user’s convenience only. PGIM does not control or review these third-party sites nor does the provision of a link imply any endorsement of our association with such non-PGIM sites. Your linking to any websites from this website is at your own risk. To the extent that any information on this website relates to a third party, this information has been provided by that third party and is the sole responsibility of such third party and, as such, PGIM accepts no liability for such information. Subject to the terms of applicable service or other agreements, we will remove any link from this website upon request from the owner of the linked website.

Links from this website to affiliates are provided for the user’s convenience only. Each affiliate’s website is issued or approved solely by the applicable affiliate and unless stated otherwise on such affiliate’s website, is not issued by PGIM, Ltd. or any other non-U.S. entity. Each affiliate is solely responsible for the content of its respective website. The laws governing any affiliate and its respective websites may differ from the laws governing pgim.com and the relevant website's terms and conditions and policies may differ from those of pgim.com.

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