PMCC's lending amounted to $12.7bn in the US and $1.9bn internationally. Some $3.4bn was placed in conventional and affordable multifamily loans across Fannie Mae, Freddie Mac and FHA (Federal Housing Administration); agricultural debt and equity investments amounted to $1bn.
The commercial and multifamily mortgage finance business has $15bn available for financing in 2016.
"In 2016, we intend to invest in and grow Prudential Agricultural Investments, our agricultural debt and equity platform," David Durning, CEO of PMCC said. "We also plan to further leverage our capabilities to meet broader investor demands, while continuing to be a significant debt source domestically in the United States."
PMCC is the commercial mortgage lending business of PGIM, the global investment management businesses of US-headquartered Prudential Financial. PMCC has more than $87.5bn in assets under management (AuM) and administration, and Prudential has more than $1trn in AuM.