Freddie Mac's Tax-Exempt Bond Credit Enhancement* offers permanent financing for the new construction or substantial rehabilitation of affordable multifamily properties funded entirely or in part by the sale of fixed or variable rate tax-exempt bonds.

Borrowers can eliminate interest rate risk by locking the interest rate for their permanent financing before construction even begins and enjoy the advantage of receiving Freddie Mac's AAA bond credit enhancement rating. Flexible terms can be tailored to meet the needs of the individual transaction, including the option to borrow additional proceeds at conversion.

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.

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.

*Available in CA, HI, NJ , NY and southern CT. Geographic waivers are available on a case-by-case basis. Contact your loan representative for more information