REBusinessOnline

PNC ARCS SECURES TWO MULTIFAMILY LOANS TOTALING $17.9 MILLION

STATE COLLEGE AND HARRISBURG, PA. — Calabasas Hills, Calif.-based PNC ARCS has secured two multifamily loans in Pennsylvania totaling $17.9 million. In State College, the firm provided $9.1 million for Cooper’s Pond Townhomes and Turtle Creek Apartments, two multifamily communities that total 297 units. The loans carry a 10-year term, interest-only, at a rate of 5.815 percent. The Princeton, N.J., office of PNC originated the loans through Fannie Mae.
In Harrisburg, PNC’s Princeton office originated $8.8 million for Treeview Apartments, a 210-unit multifamily property located in Harrisburg. The loan carries a 10-year term with a 30-year amortization schedule at an interest rate of 6.01 percent. PNC also originated this transaction through Fannie Mae. The borrowers in both transactions were undisclosed.

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

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties