Stay on top of the latest in the commercial real estate industry with our thought leading content.
Prior to the financial crisis, zero-cost interest rate collars were a common tool used to hedge construction loans. A zero-cost interest rate collar is created by combining an interest rate cap and an interest rate floor of equivalent value.
Past the peak doesn’t mean recession. Caution is smart, but as executives of PNC Real Estate point out, there’s still room to run in this record-breaking upcycle.
Are you taking advantage of today's tools and technologies?
PNC thought leaders share insights in leading commercial real estate media, including GlobeSt.com and Connect Media.
The annual liquidity survey by the Association for Financial Professionals includes responses from more than 600 corporate practitioners in a variety of organizations and industries. Discover key statistics from this year’s study.
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Maximize your opportunity by developing a relationship with your lender. Here are some tips to make the construction loan process smooth and timely, and what borrowers can typically expect during the loan process.
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Today's demographic changes present challenges for commercial real estate developers, but they also offer lucrative opportunities to firms creatively adapting to new demands.
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Most stakeholders have proven resourceful and seem to find ways to create feasible projects despite a challenging environment for affordable rental housing development.
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When your lender requires a deposit account control agreement, you may be faced with a number of questions and considerations. Here, we set out the basics so you can be prepared for negotiations.
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Two of the most commonly used structures to hedge future bond issuance are treasury locks (T-locks) and LIBOR swaps (usually 3-Month LIBOR or 3ML).
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Although the merits of tax reform and its effect on the U.S. economy will likely be measured over the years to come, many of the changes became effective January 1, 2018, raising questions about whether or not the new tax legislation will translate into reductions in the cost of debt.
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Not so long ago, most of your tenants paid you by check. Today, they may want to pay online, by check or electronically. Are you ready to incorporate all these methods of payment efficiently into your receivables stream?
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Fannie Mae has announced that PNC Real Estate was named a Top 10 DUS® Producer and a Top 5 Small Loan Lender for 2017.
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The commercial real estate finance market continued to expand in 2017, and our clients were successful in growing their portfolios.
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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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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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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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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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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’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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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” provide a multi-factor authentication system with the functionality of conventional tokens — without the hardware.
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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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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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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 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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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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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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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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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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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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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 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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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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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 Integrated Payables can help them gain these efficiencies.
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PNC Economics, February 2018 Baseline Rate Forecast, February 15, 2018
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