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Delivered for our Customers

PNC Real Estate provides comprehensive financing options that meet
your specific needs spanning the life of a transaction, including construction, permanent and term debt, syndicated loans and tax credit investments.

Transaction Overview

As a leading financial institution, top agency lender and tax credit equity provider, PNC Real Estate structures capital for all property types and financing needs.


Property Types

Fannie Mae
 

$28,743,000

Multifamily
Miami, FL
294 units

préstamo de construcción
 

$30,000,000

Multifamily
New Orleans, LA
239 units

Fannie Mae
 

$30,225,000

Multifamily
Winter Springs, FL
244 units

Préstamo a plazos
 

$37,125,000

Multifamily
Austin, TX
256 units

préstamo de construcción
 

$46,100,000

Multifamily
Maitland, FL
350 units

Fannie Mae
 

$22,035,000

Multifamily
Columbia, MD
170 units

Freedie Mac
 

$13,200,000

Manufactured Housing
Belleville, MI
358 units

préstamo de construcción
 

$43,038,495

Multifamily
Scottsdale, AZ
277 units

Freedie Mac
 

$18,288,000

Multifamily
Webster, NY
315 units

préstamo de construcción
 

$36,337,000

Multifamily
Phoenix, AZ
385 units

HTC Equity
 

$14,276,699

Multifamily
Philadelphia, PA
756 units

Fannie Mae
 

$11,250,000

Multifamily
Lowell, IN
192 units

FHA 223(a)(7)
 

$48,861,200

Multifamily
Herriman, UT
496 units

Fannie Mae
 

$38,187,000

Multifamily
Flowery Branch, GA
456 units

préstamo de construcción
 

$33,000,000

Multifamily
Addison, TX
383 units

Freedie Mac
 

$6,315,000

Multifamily
Winston-Salem, NC
108 units

Fannie Mae
 

$11,505,000

Multifamily
Austin, TX
156 units

LIHTC Capital
 

$10,118,562

Multifamily
Camden, NJ
89 units

FHA 221(d)(4)
 

$12,335,300

Multifamily
Los Angeles, CA
137 units

Freedie Mac
 

$7,313,000

Multifamily
El Paso, TX
153 units

Preservation Equity
 

$8,205,981

Deuda

$14,322,750

Multifamily
Leesburg, VA
157 units

FHA 221(d)(4) LIHTC
 

$60,404,300

Multifamily
Chicago, IL
318 units

Freedie Mac
 

$8,500,000

Multifamily
Boynton Beach, FL
384 units

FHA 223(a)(7) - Section 8
 

$5,189,400

Multifamily
Muskegon Township, MI
120 units

LIHTC Capital
 

$15,600,046

Multifamily
Watertown, NY
115 units

Freedie Mac
 

$7,900,000

Multifamily
Columbia, SC
300 units

Preservation Equity
 

$11,062,659

Balance Sheet Loan

$19,064,500

Multifamily
Norwalk, CT
163 units

FHA 221(d)(4)
 

$34,999,900

Multifamily
Newark, NJ
258 units

Fannie Mae
 

$34,182,000

Multifamily
Garden Grove, CA
402 units

Freedie Mac
 

$5,407,000

Multifamily
Detroit, MI
216 units

FHA 223(a)(7)
 

$10,055,000

Multifamily
Chicago, IL
312 units

LIHTC Capital 

$10,242,847

Multifamily
Pittsburgh, PA
52 units

préstamo de construcción
 

$126,000,000

PNC Share

$63,000,000

Office
New York, NY
172,820 sf

préstamo permanente
 

$19,200,000

Office
Beaverton, OR
53,438 sf

Préstamo a plazos
 

$40,850,000

Office
Columbia, MD
429,236 sf

préstamo permanente
 

$35,000,000

Office
Boston, MA
228,031 sf

Préstamo a plazos
 

$43,000,000

Office
Reston, VA
236,198 sf

préstamo de construcción
 

$525,000,000

PNC Underwrite

$200,000,000

Respaldo de PNC

$87,500,000

Office
Washington, DC
862,000 sf

Préstamo a plazos
 

$53,000,000

Office
Brookhaven, GA
395,530 sf

préstamo de construcción
 

$160,000,000

Office
Houston, TX
585,636 sf

préstamo permanente
 

$41,000,000

Office
Baltimore, MD
216,896 sf

préstamo de construcción
 

$60,000,000

Office
Seattle, WA
180,000 sf

Préstamo a plazos
 

$21,515,000

Office
Columbia, MD
193,000 sf

préstamo permanente
 

$45,000,000

Office
College Park, MD
240,160 sf

préstamo de construcción
 

$50,000,000

Mixed Use
Mountain View, CA
583,000 sf

HTC Equity
 

$11,081,370

Mixed Use
Rochester, NY
96 units
39,112 sf retail & office

Préstamo a plazos
 

$36,360,000

Mixed Use
Memphis, TN
Auburn, PA
Ashland, VA
Richmond, VA
Robbinsville, NJ
Holland, MI
967,000 sf total

préstamo de construcción
 

$68,235,499

Mixed Use
Oak Park, IL
270 units
24,770 sf retail

préstamo permanente
 

$35,000,000

Retail
Hillsboro, OR
211,113 sf

préstamo de construcción
 

$34,357,000

Retail
Louisville, KY
240,000 sf

Préstamo a plazos
 

$21,500,000

Retail
Secaucus, NJ
118,000 sf

préstamo permanente
 

$79,585,000

Retail
Chino, CA
339,706 sf

REIT

7-Year Term Loan
 

$300,000,000

Joint Lead Arranger
julio de 2022

7-Year Term Loan
 

$425,000,000

Joint Lead Arranger
julio de 2022

Préstamo a plazos
 

$400,000,000

Joint Lead Arranger
julio de 2022

Revolver & Term Loan
 

$850,000,000

Joint Lead Arranger
julio de 2022

Revolver & Term Loan
 

$2,150,000,000

Joint Lead Arranger
julio de 2022

Revolver
 

$1,200,000,000

Joint Lead Arranger
julio de 2022

Revolver & Term Loan
 

$2,050,000,000

Joint Lead Arranger
junio de 2022

Revolver & Term Loan
 

$850,000,000

Joint Lead Arranger
junio de 2022

7-Year Term Loan
 

$750,000,000

Joint Lead Arranger
junio de 2022

Revolver
 

$600,000,000

Joint Lead Arranger
junio de 2022

Revolver & Term Loan
 

$1,050,000,000

Joint Lead Arranger
junio de 2022

Revolver & Term Loan
 

$1,300,000,000

Joint Lead Arranger
mayo de 2022

PNC Real Estate Loan Referral Consultants

CMBS
 

$8,137,500

Retail
Sanford, NC

CMBS
 

$74,600,000

Hotel Portfolio
WI

Ginnie Mae
 

$3,151,496

Multifamily
Chicago, IL

Ginnie Mae
 

$2,929,496

Multifamily
Chicago, IL

Ginnie Mae
 

$1,797,392

Multifamily
Thompsontown, PA

Ginnie Mae
 

$1,466,031

Multifamily
Cincinnati, OH

Ginnie Mae
 

$1,023,602

Multifamily
Stowe Township, PA

CMBS
 

$7,000,000

Ground Lease
Livermore, CA

Ginnie Mae
 

$1,445,424

Multifamily
Cincinnati, OH

Banco
 

$3,500,000

Office
Jersey City, NJ

Ginnie Mae
 

$2,396,498

Multifamily
Leonardtown, MD

CMBS
 

$5,250,000

Retail
Goshen, IN

Other Product Solutions

PNC has served as:

  • Administrative Agent and Lead Arranger on a $225 million secured term loan backed by a retail center in julio de 2022.

  • Administrative Agent and Lead Arranger on a $1.2 billion unsecured revolver for a multi-family REIT in julio de 2022.

  • Administrative Agent and Lead Arranger on a $83.5 million secured construction loan backed by a multi-family property in junio de 2022.

  • Administrative Agent and Lead Arranger on a $130 million secured construction loan backed by senior housing property in junio de 2022.

  • Administrative Agent and Lead Arranger on a $900 million unsecured revolver and term loan facility for an open-ended real estate fund in junio de 2022.

  • Administrative Agent and Lead Arranger on a $298.3 million secured term loan backed by a portfolio of multi-family properties in abril de 2022.

PNC has tailored these solutions and more:

  • A residential and commercial brokerage firm typically accepted fees from buyers at the closing table. In the new virtual closing world created by COVID-19, it became imperative to offer an online solution. The firm opted for PNC’s online payment portal to allow buyers to pay brokerage fees online via ACH or credit card.

  • When COVID-19 closed offices everywhere, a residential property manager in Philadelphia needed a quick way to manage payroll remotely. By quickly moving to ACH origination, the A/P team could process payroll from home while offering employees direct deposit. Fewer trips to the office and fewer checks in the mail allowed for both safety and efficiency in processing weekly payroll.

  • Facing the COVID-19 pandemic, a client determined that they wanted to eliminate the need for any employee to come into the office. They switched from remote deposit scanners to PNC Real Estate’s lockbox solution to deposit rent checks for all their properties without employee intervention. The client also eliminated physical checks and began processing all of their payments through ACH Credit Origination along with some wire transfers.

  • A large retail REIT issued a request for proposal for a $120 million card program which would comprise payables, travel and entertainment as well as Canadian capabilities. With a strong current relationship, proven customer service and card technology that incorporated both USD and CAD programs, PNC Real Estate won the deal.

  • Upon experiencing a fraudulent incident that spanned several months, a commercial real estate developer used PNC’s ACH fraud protection services. ACH Debit Block and Positive Pay helped them automatically reject unauthorized payment attempts.

  • A residential property manager frequently issued prepaid debit cards as rewards to staff and tenants. By switching to PNC’s prepaid card solution, they can now fund cards in real time and issue them on-the-spot, which they could not do through their previous supplier.

  • When a real estate investment trust embarked on an internal systems upgrade, PNC implemented a payables program to outsource their check writing and electronic payments processes, helping improve efficiency for nearly 30,000 payments annually.

  • A self-storage client needed to improve management of expenses for each location. PNC’s corporate purchasing card and expense reporting platform helped enable the property managers to submit monthly reports, allowing the client’s accounting staff to free up nearly 10 hours each month.

  • PNC helped analyze the rate of return on SWEEP balances for a retail-based REIT. After review, the client decided to add SWEEP automation to 31 accounts in order to achieve an improved rate of return.

PNC has provided the following derivatives solutions:

  • Village Penasquitos, LP (Relationship Manager: Christian Hicks; DPG Marketer: Rick Pierce)
    In julio de 2021, PNC worked with a private real estate developer to execute a term sheet for a 10 Year $75mm term loan used to refinance a non-PNC provided construction loan for a 276-unit apartment development. The client, concerned with the possibility of rate volatility occurring in between term sheet execution and loan closing, asked PNC for solutions to fix the rate on the loan prior to an anticipated loan closing in octubre de 2021. PNC’s Derivative Product Group structured and executed a 3 month forward 10 year interest rate swap fixing the rate on the term loan ahead of the anticipated octubre de 2021 loan closing. The swap was executed unsecured, with a guaranty from the sponsor that dropped away at loan closing as the swap became secured by the underlying real estate asset.
  • Mead HD Builder, LLC & Mead Investors 1, LLC (Relationship Manager: Mike Muldowney; DPG Marketer: Alec Brown)
    In diciembre de 2021 PNC and a private real estate sponsor executed a term sheet for PNC to provide a $42.55mm 20 month construction loan followed by a 10 year mini-perm loan to develop a 386,000 build-to-suit distribution facility. The distribution facility will be leased to a tenant with an initial lease of 20 years beginning at project delivery. As markets began to anticipate inflation and expected Federal Open Market Committee rate hikes, the client engaged PNC’s Derivative Products Group to mitigate their long term interest rate risk over the full 20 year lease. DPG was able to structure a forward starting swap, effective at anticipated deliver date, maturing at the expected lease maturity with the client owning the right to cancel the swap for no cost at the expected mini-perm loan maturity date. This solution provided the client interest rate certainty through their lease maturity in the face of rising interest rates, while also providing flexibility for refinancing options at the mini-perm maturity date.
  • Eathial, LLC (Relationship Manager: Virginia Masek; DPG Marketer: Rick Pierce)
    In julio de 2021, PNC and a private real estate developer closed a $46.5mm 10 year term loan used to refinance a PNC construction loan for a 245-unit multifamily project. Two months in advance of the refinance, the client engaged PNC’s Derivative Products Group to structure an interest rate swap solution that would fix the rate on their expected term loan using the current market environment. The swap was secured by a pledge of the underlying real estate asset.
  • MEARF Secured Holdco, LLC (Relationship Manager: Mike Wiedman; DPG Marketer: Rick Pierce)
    PNC serves as Administrative Agent and has $200MM committed to a $750MM Senior Secured Credit Facility for a pool of 21 income-producing office buildings. In febrero de 2021, the client engaged PNC’s Derivative Products Group to execute a fixed rate swap, extending an existing hedge to the full 5Y maturity of the Term Loan portion of the Credit Facility. PNC was able to seamlessly execute the new swap and risk participate pro-rata portions to the client’s bank group, leading to a successful syndication of the interest rate swap.

Para obtener más información

We have more than 1,100 experienced real estate professionals in over 47 office locations across the country to serve you.*

agregar

Alabama
Birmingham

Arizona
Phoenix

California
Calabasas
Irvine
Los Ángeles
San Diego
San José
San Francisco

Colorado
Denver

Washington, D.C.

Florida
Boca Raton

Georgia
Atlanta

Illinois
Chicago
Bloomington
Downers Grove
Joliet

Indiana
Indianápolis

Kansas
Overland Park

Kentucky
Louisville

Massachusetts
Boston

Maryland
Baltimore

Michigan
Grand Rapids
Troy

Misuri
Clayton
Carolina del Norte
Charlotte

Nueva Jersey
Cherry Hill
East Brunswick

Nueva York
New York City

Ohio
Cincinnati
Cleveland
Columbus
Pepper Pike

Oregón
Portland

Pensilvania
Berwyn
Blue Bell
Horsham
Lancaster
Mechanicsburg
Filadelfia
Pittsburgh

Texas
Dallas
Farmers Branch
Houston

Utah
Salt Lake City

*Incluye Toronto, Canadá

* Al 15 de septiembre de 2023