PNC ARCS PROVIDES $4.8 MILLION LOAN FOR MULTIFAMILY PROPERTY

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MANHATTAN, KAN. — PNC ARCS has provided $4.8 million in financing for Woodway Apartments located in Manhattan. Situated on 5 acres, the 88-unit garden style community includes a swimming pool and laundry room. The loan was based on a 7-year term, with a 30-year amortization schedule at a fixed rate of 6.225 percent. Financing was originated by PNC ARCS’ San Francisco office through Fannie Mae.

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