Difficult & Challenging: Industry experts reflect on 2023 capital markets
Jay Porterfield shares his perspective on navigating challenging waters.
With expertise throughout primary and secondary markets – and across the capital stack – we provide access to financing for the acquisition, refinancing or substantial rehabilitation of conventional and affordable multifamily properties.
We have 20 years of experience as a designated Fannie Mae DUS, Freddie Mac Optigo, and FHA lender.
Backed by the strength of PGIM, we provide fixed and floating rate senior debt for multifamily projects.
Core Plus and Structured Debt
We are experienced with transitional, value-add, and stabilized properties across all primary and secondary markets, with mezzanine and preferred equity solutions.
Note: All data as of 12/31/23 unless otherwise noted.
*As of January 2023, Freddie Mac Multifamily ranked PGIM Real Estate the #6 overall lender by volume, the #2 lender for Manufactured Housing Communities, and #1 lender for Workforce Housing Preservation in 2022. This ranking represents originations production volume from 1/1/22-12/31/22. PGIM Real Estate is the 12th largest Fannie Mae DUS lender (out of 149 firms surveyed) in terms of 2022 annual production based on the 2022 Mortgage Bankers Association Annual U.S. Origination Rankings published in March 2023. PGIM Real Estate is the 7th largest FHA lender in terms of 2022-23 fiscal year production, according to rankings released by the FHA in October 2023. No compensation or submission was involved in these rankings.
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.