Real Estate Business News

A Successful 2017 in Review

The commercial real estate finance market continued to expand in 2017, and our clients were successful in growing their portfolios.
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Midland Hires Two Senior Executives

Tim Steward, Senior Vice President - Client Solutions, and Linda Bechtel, Operations Group Manager, have joined Midland’s loan servicing management team.
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Midland’s Growth Plan Includes Two New Sales Positions

David Harrison, Senior Vice President, and Terri Wyda, Senior Vice President, will help Midland accelerate its sales and business development efforts.
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Are You Using the Right Payment Technologies for Your Business?

Two new payment networks can streamline your business-to-business and business-to-consumer payments, improving accuracy and reducing costs.
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Derivatives Outlook: Rate Hikes in the Forecast

PNC Economics believes the 10-year Treasury will end 2018 at 3.09%,¹ in line with broader market projections, and the highest level since early 2014.
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Improve Your Payables Process and Watch the Benefits Grow

As a company in the real estate industry, your payables processes are likely to be complex, intense and unique. Consider thinking of payables in a new way — as a tool to manage your bottom line. To do that, you need to view the process as a whole.
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When is it Right to Underwrite?

Seeking underwriting may be the best execution for acquisitions that must close by a certain date and for construction projects with tight delivery timelines.
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Improving the CMBS Borrower Experience

The long term viability of commercial mortgage-backed securities as a major source of funding for commercial real estate finance is at risk — for several reasons — but, both servicers and borrowers can make a difference.
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Fannie Mae Honors PNC Real Estate’s Excellence in Operations

Fannie Mae’s Excellence in Operations Award recognized PNC Real Estate for their strong commitment to the timely delivery of high quality data and service to customers.
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What Borrowers Need to Know about Retail Centers

So, as a borrower, can you find bank capital to finance your retail property? The short answer — capital is available, but the transaction might look different than it did a year ago.
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“Soft Tokens” Lighten the Load for Real Estate Business Travelers

“Soft tokens” provide a multi-factor authentication system with the functionality of conventional tokens — without the hardware.
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Causes and Implications of a Flattening Yield Curve

Longer-term rates have fallen since the election and market participants have revised their timing expectations for stimulative fiscal policy programs.
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The Strategic Treasurer: Moving Up. Moving Mountains.

Today’s treasurers have a more influential role than ever before within their companies. They are helping to fight cyber risk issues that were previously the domain of IT. They are dealing with new, high-impact regulatory challenges, TWS/ERP integration, and FinTech challenges and opportunities.
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New Rules Will Change the Liquidity Equation — Now Is the Time to Prepare for Money Market Fund Reform

Intended to preserve the benefits of money market funds while increasing transparency and strengthening investor confidence, new regulations effective in October 2016 will require a re-evaluation of your cash management strategy.
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PNC Real Estate First Bank to Convert VRDB into “Index Bonds” to Preserve Low-Income Housing

PNC Real Estate executed the first conversion of Fannie Mae Credit Enhanced Variable Rate Demand Bonds (VRDB) into Fannie Mae Credit Enhanced Index Bonds in 2016 to refinance a 402-unit apartment community located in Garden Grove, California. As part of an overall $58.9 million loan to preserve 80 affordable units for very low-income tenants, PNC Real Estate executed $25.5 million in Index Bonds and a $33.4 million SARM supplemental loan.
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Interest Rate Strategies for an Unpredictable Environment

We are in uncharted territory. Interest rates have been static for longer than at any point in history. Now they’re moving up.
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To Club or Not to Club

Pre-2008 style underwritings have become increasingly rare and we have seen the impact on the best-efforts market of a growing reliance on relationship lenders. Increasingly, borrowers are asking themselves (and their agent banks) if there is an alternative syndication model that better reflects today’s “new reality.”
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Continued Growth in Electronic Commerce

Innovations in commercial payments are often preceded by changes in consumer payments. The relative simplicity of consumer payments makes it easier to build consumer payment technologies before tackling the complexities of commercial payments.
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Increased Treasury Management Support for the Real Estate Industry

With a commercial real estate portfolio of more than $38.2 billion in outstandings as of March 31, 2016, PNC has a long history of serving the real estate industry throughout the United States.
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Why Are Swap Rates Trading Below U.S. Treasury Rates? What’s the Opportunity for You?

PNC’s Derivative Products Group (DPG) has been fielding questions from our clients and relationship managers asking why negative swap spreads are continuing and the impact it may have on market participants. This article is an effort to provide that explanation.
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New Strategies for Controlling Healthcare Costs

As employers seek to control the cost of healthcare in an environment of increased regulation and unpredictable increases, Health Savings Accounts (HSAs) may provide a solution.
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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.
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Critical Mission: Preservation of Existing Affordable Housing Stock

The number of Low Income Housing Tax Credit (“LIHTC”) properties that have reached the end of their 15 year compliance period has grown significantly over the last 3 to 4 years. This increase in “Year 15” transactions isn’t really a surprise to the affordable housing industry, or at least it shouldn’t be.
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New Strategies for Improving Disbursement Efficiency

A real estate organization may find that a centralized disbursement system can make it easier to maintain control, obtain information, concentrate excess cash, improve fraud prevention, provide greater access to cash position information and improve forecasting accuracy. PNC Real Estate clients may find that Payables Advantage can help them gain these efficiencies.
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Syndicated Loan or Herding Cats?

When it comes to syndicated loans, one of the most frequently asked borrower questions is, How should I manage the composition of my lender group... starting with the agent?
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