Glidepath investment strategies can help reduce downside funded status risk. But what happens if funded status falls? Here are some best practices for re-risking.
As a leader in the technical aspects of tax credit investing, PNC incorporates innovative tax credit equity financing solutions for Historic Tax Credit (HTC), New Markets Tax Credit (NMTC), and Low Income Housing Tax Credit (LIHTC) customers.
Programs That Suit Your Needs
New Markets Tax Credit
The NMTC team facilitates leveraged loans where applicable through PNC’s commercial lending platforms, including Real Estate, Corporate Banking, Public Finance and Community Development. PNC has a strong and expanding network of Community Development Entity (CDE) partners, supplemented by our own direct NMTC allocations. As an investor and innovator in the program since 2003, we understand the level of coordination and sophistication necessary to bring a project to fruition. Our strategic approach allows us to provide full service financing solutions for our Qualified Active Low Income Community Businesses (QALICBs), and partner CDEs with competitive pricing and efficient delivery.
Historic Tax Credit
PNC's HTC team consists of experienced tax credit investors and are familiar with the various federal and state requirements that can impact your development. In conjunction with providing HTC equity, PNC provides construction financing for commercial and residential projects, mini perms/term loans, letters of credit, lines of credit, loan syndications and long-term financing. Our staff specializes in superior customer service delivered through a centralized point of contact with an integrated underwriting and closing platform aimed at saving our clients time and money.
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For New Markets Tax Credit or Historic Tax Credit, Contact
We offer one of the industry's most comprehensive arrays of banking and financing solutions to commercial real estate owners, operators, developers and investors.
PNC Real Estate has developed an innovative long-term strategy for investment in affordable housing across the U.S. through their Affordable Rental Housing Preservation Funds.
PNC Real Estate offers a comprehensive set of commercial real estate finance solutions that span the life of a project - from acquisition and construction to permanent financing. From regional owners and operators to large national developers, real estate funds and REITs. Across the country and across the spectrum of property types - office, industrial, multifamily, retail, lodging and self-storage.