PGIM Real Estate Finance has made two additions to its Western U.S. team with the hiring of Robert Younkin and Garrett Meyers.

Robert Younkin
Robert Younkin

Younkin is responsible for managing the agency loan production team expansion and development in the Western U.S., in addition to growing the company’s multifamily loan portfolio. Meyers is responsible for sourcing commercial real estate loans throughout the Western U.S., with a focus on market-rate, manufactured, and affordable housing.

Both Younkin and Meyers are based in Los Angeles and report to Mike McRoberts, head of agency lending at PGIM Real Estate Finance, which is under the Prudential Financial umbrella.

“Our multifamily team continues to grow, and we’ll look to expand even further in 2018,” McRoberts said in a statement. “Robert and Garrett are fantastic additions to our Western team, and we are delighted to have them join us during this period of growth. We remain committed to building a top-tier multifamily team and will continue to add talent to meet our goal.”

Garrett Meyers
Garrett Meyers

Before joining the company in December 2017, Younkin was a vice president at PNC Real Estate, where he helped lead a high-volume agency origination team. He has originated, evaluated, and approved more than $4 billion in multifamily loans over the course of his career, including acquisition, refinancing, and new-construction loans for market-rate, affordable, and manufactured housing multifamily properties. Younkin received a bachelor of science degree in economics from the University of California, Santa Barbara.

Meyers, who also joined PGIM in December, formerly served as assistant vice president at PNC Real Estate, where he contributed to a high-volume agency origination team that averaged $500 million in production annually. He has originated an array of transaction types, including new construction, rehabilitation, bridge, acquisition, and refinancing, with a career production volume exceeding $3 billion. Meyers received a bachelor of arts degree in mathematics from Lewis & Clark College and is a member of the National Multifamily Housing Council’s Emerging Leaders Group.

In an interview with MFE late last year, McRoberts estimated that PGIM would do more than $3.8 billion in agency lending in 2017. The company is one of a handful that's authorized to go out to the marketplace and represent both Fannie Mae and Freddie Mac with owners and borrowers who are looking for debt capital. From there, it packages the financing and sells it to the two government-sponsored enterprises.