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Agency Finance

Looking for acquisition financing for a new property? Need to refinance your portfolio? Want a bridge loan for renovations? PNC lending products can help you succeed. Existing borrowers can access their loan data and more.

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Multifamily

Comprehensive multifamily financing capabilities at a glance

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Experienced Lender

PNC Real Estate is one of the industry's top providers of conventional and affordable multifamily financing. We've earned a reputation as a leader in the multifamily industry thanks to our breadth of financing options and our dedicated team of multifamily experts. We specialize in providing access to federal agency loan programs and have loaned billions of dollars to customers interested in Fannie Mae DUS^®, Freddie Mac and FHA financing programs.

Agency Lending and Other Financing Options
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Programs That Suit Your Needs

Construction

We offer construction loan programs for Conventional Multifamily and Affordable Multifamily properties, as well as Seniors, Skilled Nursing and Assisted Living properties.

Pre-development Funding

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Conventional Multifamily

FHA 221(d)(4) & 220: New Construction and Substantial Rehabilitation

Seniors, Skilled Nursing and Assisted Living

FHA 231: New Construction and Substantial Rehabilitation of Rental Housing for the Elderly
FHA 223(a)(7): Refinance
PNC construction loans for Independent Living, Assisted Living and Memory Care facilities

Affordable Multifamily

Construction Financing
Letters of Credit
FHA 221(d)(4) & 220: New Construction and Substantial Rehabilitation
Fannie Mae Mortgage-Backed Securities as Collateral for Tax-Exempt Bonds
Fannie Mae Tax-Exempt Bond Credit Enhancement
Freddie Mac Bond Credit Enhancement with 4% LIHTC
Freddie Mac Bond Credit Enhancement with Other Affordability Components
Freddie Mac Direct Purchase of Tax-Exempt Loans
Freddie Mac Preservation Rehabilitation Financing

Find more information on Fannie Mae and Freddie Mac.

Interim

PNC can provide LIHTC equity customers with bridge and construction loan products that are structured to cost-effectively increase equity proceeds. We also provide conventional multifamily housing customers with interim financing options for properties that are not yet ready for permanent financing.

Permanent

We offer permanent loan programs for Conventional Multifamily; Affordable Multifamily; Seniors, Skilled Nursing and Assisted Living; Student Housing and Manufactured Housing properties.

Conventional Programs

Fannie Mae

ARM 7-6
Choice Refinance
Credit Facility
DUS Mortgage Loans
Fixed-Rate Mortgage Loans
Green Rewards
Hybrid ARM
Manufactured Housing Loans
Moderate Rehabilitation Loans
Near-Stabilization Execution
Negotiated Pools
Seniors Housing Loans
Streamlined Rate Lock and Early Rate Lock
Structured Adjustable Rate Mortgage Loans (SARMs)
Student Housing Loans
Supplemental Loans

Freddie Mac

Fixed Rate
Float-to-Fixed
Floating-Rate
Green Advantage
HUD Section 8
Lease-Up
Manufactured Housing
Student Housing
Supplemental
Moderate Rehab
Revolving Credit Facility
Single Sponsor Execution
Value-Add

FHA

221(d)(4) & 220: New Construction and Substantial Rehabilitation
223(f): Purchase or Refinance
223(a)(7): Refinance
241(a): Supplemental Loans

Seniors, Skilled Nursing and Assisted Living

Fannie Mae Seniors Housing
Freddie Mac Independent Living
Freddie Mac Assisted Living
Freddie Mac Skilled Nursing or Memory Care
Freddie Mac Green Advantage
FHA 231: New Construction and Substantial Rehabilitation of Rental Housing for the Elderly
FHA 232 LEAN: Senior Loan Program

Student Housing

Fannie Mae Student Housing
Freddie Mac Student Housing

Manufactured Housing

Fannie Mae Manufactured Housing
Freddie Mac Manufactured Housing

Affordable Programs

Our Solutions for Developers

Fannie Mae

Affordable Housing Preservation
Credit Enhancement of Variable-Rate Tax-Exempt Bonds (Index Bonds)
Flexible Choice Bridge
Green Preservation Plus
Healthy Housing Rewards
MBS as Tax-Exempt Bond Collateral (M.TEB) - Fixed Rate
MBS Unfunded Forward Commitment
Reduced Occupancy Affordable Rehab (ROAR) Execution
Rural Development Guaranteed Rural Rental Housing Program
Standard FHA Risk Sharing Execution
Tax-Exempt Bond Credit Enhancement

Freddie Mac

Preservation

Bridge to Resyndication
Cash Loans
Green Advantage
HUD Section 8
Single Sponsor
Tax-Exempt
Value-Add

Tax-Exempt

Bond Credit Enhancements
Float-to-Fixed
Green Advantage
HUD Section 8
Lease-Up
Preservation Rehabilitation
Single Sponsor
Tax-Exempt Bond Securitization
Tax-Exempt with 4% LIHTCs
Variable Liquidity

FHA

221(d)(4) & 220: New Construction and Substantial Rehabilitation
241(a): Supplemental Loans
223(f): Purchase or Refinance
223(a)(7): Refinance

Balance Sheet Term Loans

PNC offers alternative options to Agency term loans

PNC Real Estate also provides Tax Credit Solutions for owners, operators and developers of affordable multifamily housing and historic properties.

Find more information on Fannie Mae and Freddie Mac.

For More Information

View Our Office Locations

We have approximately 1,000 experienced real estate professionals and more than 30 office locations across the country to serve you.^*

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^* As of December 31, 2018

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Agency Finance

Get to Know Multifamily

Construction

We offer construction loan programs for Conventional Multifamily and Affordable Multifamily properties, as well as Seniors, Skilled Nursing and Assisted Living properties.

Interim

Permanent

We offer permanent loan programs for Conventional Multifamily; Affordable Multifamily; Seniors, Skilled Nursing and Assisted Living; Student Housing and Manufactured Housing properties.

Conventional Programs

Affordable Programs

View Our Office Locations

* As of December 31, 2018

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^* As of December 31, 2018