PGIM Real Estate hires Stephanie Wiggins as head of production for its agency lending platform
Jan 19, 2021
3 mins
PGIM Real Estate has hired Stephanie Wiggins as managing director and head of production for its agency lending platform, responsible for oversight of the firm’s originations for Fannie Mae, Freddie Mac, FHA, and Affordable multifamily loans. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
In this newly created role, Wiggins reports to Mike McRoberts, PGIM Real Estate’s head of agency lending and chairman of the agency platform, and will be based in the firm’s Arlington office. Wiggins is a member of the agency platform’s senior leadership team and has direct responsibility for driving strategic loan production across the business.
“We’re thrilled to bring Stephanie on board to lead our agency lending production during what has been a period of unprecedented growth for our platform, including record production volume in each of the last three years,” said McRoberts. “With her decades of industry experience and specialized focus on market-rate and affordable multifamily financing, Stephanie is uniquely positioned to drive the continued success of our originations strategy by navigating the complexities of today’s market climate and cultivating deep relationships with our clients.”
Wiggins will serve as a central point of contact for the agency platform’s borrowers, intermediaries, and internal team members in order to maximize the efficiency and integrity of its transactions process. She will also oversee debt structuring, pricing strategy, transaction negotiation and closing, and due diligence review.
Wiggins brings to PGIM Real Estate more than 30 years of commercial real estate finance experience. Most recently, she was a senior vice president and chief production officer for the FHA team at Walker & Dunlop, where she oversaw multifamily loan production through the U.S. Department of Housing and Urban Development (HUD). Wiggins is also a PGIM Real Estate alumni, having previously served as a director and senior investment officer from 1997 to 2000.
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