PNC ARCS ARRANGES $5.25 MILLION MULTIFAMILY LOAN

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CHICAGO — The Dallas office of PNC ARCS has arranged approximately $5.25 million in financing for the West Addison Apartments in Chicago. Financing was based on a 10-year term, with a 30-year amortization schedule. The loan for the 61-unit multifamily community included 5 years interest-only at a rate of 5.98 percent. Additionally, the mid-rise apartment complex houses 1,921-square-feet of first-floor retail product.

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