PNC ARCS Capital Markets Group can
provide mortgage financing for every type of multifamily property. Whether it’s
a standard multifamily property, student housing, co-op, manufactured housing
community, or affordable housing, PNC ARCS provides loans from $3 million and up
with 5 to 30 year terms and flexible prepayment options.
PNC ARCS Capital Markets Group provides
mortgage financing for every commercial property type including office, retail,
industrial, self-storage, hotel as well as multifamily. PNC ARCS Capital Markets
Group offers attractive choices and maximum flexibility for today’s competitive
marketplace, with the added benefit of having your capital markets loan serviced
by PNC ARCS. Utilizing both leading edge technology and old-fashioned customer
service, PNC ARCS can provide a fast, smooth reliable execution through closing
and beyond.
PNC ARCS is one of America’s leading
commercial lenders with an acknowledged expertise in multifamily finance and one
of America’s leading Fannie Mae DUS™ lenders for more than a decade.
As a PNC Real Estate Finance Company, PNC ARCS is part of PNC Financial Services, one of the largest diversified financial services companies in America. Now PNC ARCS can provide access to debt and equity financing, construction loans, permanent financing, forward commitments, tax credits, direct bond purchase programs, mezz, bridge, Fannie Mae, Freddie Mac, FHA and Capital Markets. One single source to meet our borrowers’ needs.
The company is now the single source for all real estate financing across the full range of commercial property types.
The company is now the single source for all real estate financing across the full range of commercial property types.Beyond
the benefits of any specific lending product, PNC ARCS’ experience, expertise
and unwavering commitment to extraordinary customer service are what set us
apart from the rest. No one delivers more.
Borrower Eligibility Single purpose bankruptcy remote entity
Loan Amounts $3 million. No maximum.
Loan Term/Amortization
5 to 30 year terms
Up to 30 year amortization available
Interest Rate
Interest rate is based according to risk.
Call for a quote.
Personal Recourse None, except for typical lender “Carve-Outs”
Debt service Coverage
1.20x minimum
Loan to Value 80% maximum
Interest Calculation Actual/360
Prepayment Loan is locked for 24 months from securitization and subject to defeasance thereafter but fully prepayable without penalty in the last 3 to 6 months of loan term.
Third Party Fees Includes legal, appraisal, engineering, and environmental reports. Seismic reports and survey may also be required.
Replacement Reserve Impounds Typically required
Supplemental Mortgages Available on a case-by-case basis