REBusinessOnline

PNC ARCS PROVIDES $4.29 MILLION LOAN FOR MULTIFAMILY PROPERTY

EL PASO, TEXAS — PNC ARCS has provided a $4.29 million loan for the Warren Terrace Apartments in El Paso. The buyer and seller were undisclosed. The loan was fixed at 5.66 percent for a 10-year term with a 30-year amortization. PNC ARCS’ San Francisco office originated the loan through Fannie Mae. The 316-unit property is situated on 10 acres and features two swimming pools, a playground, laundry facilities and storage buildings.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
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‣ NAI Global
‣ Northmarq
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‣ Walker & Dunlop

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