PNC Real Estate
Project Spotlights

This section turns the spotlight on projects financed by PNC that exemplify creativity and have a positive impact on their communities.

West End 25 and 220 20th Street

West End 25 and 220 20th Street

May and Jan 2011

Washington, D.C.
and Arlington, VA

Financing Amount: $101,671,000
and $76,100,000
Finance Type: Freddie Mac and Fannie Mae
Units: 284 and 283

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Village at Delray

Village at Delray

Spring, 2011

Delray Beach, FL

Financing Amount: $21,300,000
Finance Type: Bridge and Construction
Loan; LIHTC Equity Investment
Units: 144

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Northern Arizona University (NAU) and Portland State University (PSU)

Northern Arizona University (NAU) and Portland State University (PSU)

Summer, 2012

Portland, OR
and Flagstaff, AZ

Financing Amount: Total of $103.5 million
Finance Type: Construction
Units: 978 beds at PSU,
1130 beds at NAU

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1200 Madison

1200 Madison

Opening mid-2012

Seattle, WA

Financing Amount: $35,790,000
Finance Type: Construction
Units: 237, 6824 sq. ft. of Retail Space

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Old Bank

Old Bank

January, 2011

Los Angeles, CA

Financing Amount: $33,600,000
Finance Type: HUD 223(f) Refinance
Units: Three buildings; 230 units

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UDR

UDR

December, 2010

21 markets

Financing Amount: $250,000,000
Finance Type: Unsecured Term Loan
Units: Nearly 60,000

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Daniel Herman Courthouse

Daniel Herman Courthouse

December, 2010

Wilmington, DE

Financing Amount: $27,800,000
Finance Type: Construction Loan
Units: 200,000+ sq ft of office space

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Alexan Solmar

Alexan Solmar

December, 2010

Ft. Lauderdale, FL

Financing Amount: $35,653,000
Finance Type: Freddie Mac Loan with CME Execution
Units: 284

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Associated Estates

Associated Estates

October, 2010

52 properties

Financing Amount: $250,000,000
Finance Type: Revolving Credit
Units: 13,456 in nine states

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Empirian Village

Empirian Village

October, 2010

Greenbelt, MD

Financing Amount: $241,500,000
Finance Type: Freddie Mac
Units: 2,877

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EQT Plaza

EQT Plaza

June 2010

Pittsburgh, PA

Financing Amount: $49,000,000
Finance Type: Term Loan
Units: 32-story office tower

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Garfield Heights

Garfield Heights

November, 2010

Pittsburgh, PA

Financing Amount: $18,451,191
Finance Type: LIHTC Equity
Units: 275

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Piero Apartments

Piero Apartments

May, 2010

Los Angeles, CA

Financing Amount: $33,000,000
Finance Type: Freddie Mac
Units: 225

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The Residence at 668

The Residence at 668

May, 2010

Cleveland, OH

Financing Amount: $69,358,058
Finance Type: Multi-Bank Construction Loan
Units: 236
Merrill Gardens

Merrill Gardens

March, 2010

Citrus Heights, CA

Financing Amount: $15,697,000
Finance Type: Seniors Independent Living
Units: 120
707 North Apartments

707 North Apartments

November, 2009

Indianapolis, IN

Financing Amount: $6,400,000
Finance Type: LIHTC Equity Investment
Units: 40

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Post Toscana

Post Toscana

April, 2009

New York, NY

Financing Amount: $51,555,000
Finance Type: Freddie Mac
Units: 199
Century Building

Century Building

October, 2008

Pittsburgh, PA

Financing Amount: $7,000,000
Finance Type: Freddie Mac
Units: 120

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