HUD lender profile
PGIM Real Estate Agency Financing, LLC: HUD multifamily lending record
HUD insured 71 multifamily loans with PGIM Real Estate Agency Financing as lender in FY2022-FY2026, for $1.79 billion and 12,547 units. That is 2.8% of all HUD multifamily dollars in those years and #11 among lenders.
- HUD files it as PGIM REAL ESTATE AGENCY FINANCING, LLC
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 15 HUD loans for $473 million, up 106% from FY2025 and ranking #10 among HUD multifamily lenders that year.
NC/SR was its largest program at 56% of five-year dollars, followed by 223(f) at 40%.
It lent in 26 states; New Jersey was the largest at 12% of dollars.
Its median loan was $23.2 million, above the $14.3 million median for all HUD multifamily endorsements in the same years.
On 223(f) loans, the median time from firm commitment to initial endorsement was 97 days (38 loans), against 87 days for all lenders, 10 days slower.
20 of its 71 loans (28%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 15 | $473M | 5 | 9 | #10 | |
| FY2025 | 7 | $230M | 0 | 5 | #14 | |
| FY2024 | 3 | $67.7M | 0 | 3 | #28 | |
| FY2023 | 18 | $341M | 16 | 2 | #8 | |
| FY2022 | 28 | $674M | 17 | 8 | #8 | |
| FY2021 | 51 | $681M | 28 | 5 | #11 | |
| FY2020 | 38 | $500M | 17 | 6 | #11 | |
| FY2019 | 16 | $364M | 9 | 7 | #10 | |
| FY2018 | 27 | $278M | 15 | 8 | #12 | |
| FY2017 | 22 | $281M | 14 | 3 | #15 | |
| Since FY2001 | 860 | $9.09B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 27 | $993M | $39.2M |
| 223(f) purchase or refinance | 38 | $719M | $17.2M |
| 223(a)(7) streamlined refinance | 3 | $62.1M | $23.8M |
| 241(a) supplemental loan | 3 | $11.6M | $3.6M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| New Jersey | 9 | $209M |
| North Carolina | 9 | $155M |
| South Carolina | 7 | $267M |
| Georgia | 7 | $115M |
| Indiana | 4 | $27.7M |
| Florida | 3 | $129M |
| Texas | 3 | $124M |
| Michigan | 3 | $59.4M |
| Missouri | 3 | $48.1M |
| Alabama | 2 | $45.2M |
| Rhode Island | 2 | $54.5M |
| Wisconsin | 2 | $54.3M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (71)
- 102 days median
- Middle half of its loans
- 77-141 days
- 223(f) (38 loans)
- 97 days
- NC/SR (27 loans)
- 106 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-10 | Robert E. Holmes Gardens · NJ | NC/SR | $20.1M |
| 2026-09-09 | The Lodge at Hickory · NC | 223(f) | $2.8M |
| 2026-08-12 | The Foundry at Blythewood (fka Atilium Apartments) · SC | NC/SR | $58.6M |
| 2026-08-11 | Vinings at Brushy Creek · SC | 223(f) | $19.1M |
| 2026-08-06 | The Retreat at Statesville · NC | 223(f) | $3.5M |
| 2026-07-14 | Enfield Station · CT | NC/SR | $36.0M |
| 2026-04-30 | North School Apartments · ME | 241(a) | $4.3M |
| 2026-04-23 | The Grove at Ocala · FL | 223(f) | $46.8M |
| 2026-04-21 | Prosper Elms II · TX | NC/SR | $55.1M |
| 2026-04-17 | Loray Mill Lofts Phase II · NC | NC/SR | $28.0M |
| 2026-03-24 | The Mill House at Jackson (fka Fort Jackson Blvd) · SC | NC/SR | $57.0M |
| 2026-03-18 | The Belton · TX | NC/SR | $51.2M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Nine Mile Station Apartments · CO | NC/SR | $63.8M |
| Renaissance Hall at Old Course · FL | NC/SR | $58.8M |
| The Foundry at Blythewood (fka Atilium Apartments) · SC | NC/SR | $58.6M |
| The Mill House at Jackson (fka Fort Jackson Blvd) · SC | NC/SR | $57.0M |
| Prosper Elms II · TX | NC/SR | $55.1M |
| Landings at Hard Scrabble · SC | NC/SR | $52.3M |
| Aura Towne Center · VA | NC/SR | $51.8M |
| The Belton · TX | NC/SR | $51.2M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists PGIM Real Estate Agency Financing as servicer on 362 apartment loans with $3.65 billion of balance and 46,815 units. The median note rate on that book is 3.65%. 218 of the loans carry a rate under 4%. 4 mature within five years. HUD lists the same name as holder of 362 loans.
- 223(f)
- 162 loans
- 223(a)(7)
- 111 loans
- 221(d)(4)
- 82 loans
- 241(a)
- 4 loans
- Other
- 3 loans
Largest servicing states: Georgia (34), North Carolina (29), Illinois (26), Michigan (18), Texas (18), Minnesota (15).
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
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