PNC Bank and certain of its affiliates including PNC TC, LLC, an SEC registered investment adviser wholly-owned by PNC Bank, do business as PNC Real Estate. PNC Real Estate provides commercial real estate financing and related services. Through its PNC Multifamily Capital business, PNC Real Estate provides lending services, equity investments and equity investment services relating to Low Income Housing Tax Credit (“LIHTC”), New Markets Tax Credit (“NMTC”), Historic Tax Credit (“HTC”) and affordable housing preservation investments. PNC TC, LLC provides investment advisory services to funds sponsored by PNC Real Estate for LIHTC, NMTC, HTC and affordable housing preservation investments. Registration with the SEC does not imply a certain level of skill or training. This material does not constitute an offer to sell or a solicitation of an offer to buy any investment product. Risks of each fund, as well as information regarding the investments, risks, and expenses of each fund, are described in the fund’s private placement memorandum (“PPM”) or other offering documents. Please read the PPM and offering documents carefully before investing with PNC Bank.
PNC Multifamily Capital
Your comprehensive equity and debt financing partner
Our Approach
We work with developers, investors and local organizations to finance conventional, affordable and seniors apartment communities.
Each year, we provide billions of dollars in both debt and equity capital to help address the shortage of affordable rental and seniors housing options across the U.S. and help communities thrive.
We also use our comprehensive set of financial solutions to support projects that spur economic development, rehabilitate historic sites and provide critical community services.
PNC Multifamily Capital 2025 Impact
PNC Multifamily Capital is one of the largest providers of affordable multifamily equity and both affordable and conventional debt in the industry. See highlights from the past year of our impact on the communities we serve.
What We Offer
So you and your organization can focus on development, we leverage a combination of federal tax programs and our own financing solutions to provide:
- Agency financing (Fannie Mae DUS®, Freddie Mac Optigo® and FHA programs)
- Bridge financing
- Construction financing
- Conventional financing
- Tax credit investing and syndication[2]:
- Low Income Housing Tax Credit
- New Markets Tax Credit
- Historic Tax Credit
Industry Accolades
- Sponsor of the Year
- Secretary of Defense Freedom Award
- Best Corporations for Veteran Business Enterprise
- Best of the Best Top Veteran-Friendly Companies
- Sponsor
Ideas & Insights
Get news, trends and insights related to equity and debt financing
Mitigate Risk
Common Commercial Real Estate Fraud Pitfalls
Most commercial real estate fraud losses happen behind the scenes when basic controls break down.
5 min read
Mitigate Risk
The Hidden Risks Behind New Affordable Housing Financing
Pushing costs into the future can make struggling properties harder to fix later on.
4 min read
Gain Market Insight
Commercial Real Estate: Momentum Meets Friction
In this mid-year outlook, PNC Real Estate looks at opportunity despite recent geopolitical events.
3 min read