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PNC Real Estate Honored by Fannie Mae
PNC Real Estate was the only lender to be honored with three awards during the Fannie Mae Affordable Annual Lender Meeting held in Chicago in November 2015. The focus of the meeting was to update attendees on progress and new initiatives.
As part of the presentation, Fannie Mae recognized lenders who exhibited outstanding performance during 2014 and 2015. PNC Real Estate was honored as the:
- First lender to use mortgage-backed securities (MBS) as collateral. MBS is a new product for Fannie Mae and PNC Real Estate is now leading the way in implementing the strategy in new financings.
- Second largest lender for affordable housing in 2014 with $335,109,000 in deals delivered through December of that year.
- Best dedicated affordable housing underwriting team for 2015. The accuracy, timeliness and quality of PNC Real Estate’s work was evidenced in submissions of quote sheets and underwriting packages and the processes and personnel involved.
PNC Real Estate is a leading provider of banking, financing and servicing solutions for commercial real estate clients across the country. Our comprehensive array of capabilities includes acquisition, construction and permanent financing for public and private developers and investors; agency financing for multifamily and seniors housing properties; and debt and equity capital for the affordable housing industry. And, through Midland Loan Services, we provide third-party loan servicing, asset management and technology solutions.
To find out how we can put our solutions to work for you, please contact your relationship manager or visit pnc.com/realestate.
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