Transacciones recientes
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.
Conventional Multifamily
Fannie Mae
$28,743,000
Multifamily
Miami, FL
294 unidades
préstamo de construcción
$30,000,000
Multifamily
New Orleans, LA
239 unidades
Fannie Mae
$30,225,000
Multifamily
Winter Springs, FL
244 unidades
Préstamo a plazos
$37,125,000
Multifamily
Austin, TX
256 unidades
préstamo de construcción
$46,100,000
Multifamily
Maitland, FL
350 unidades
Fannie Mae
$22,035,000
Multifamily
Columbia, MD
170 unidades
Freedie Mac
$13,200,000
Manufactured Housing
Belleville, MI
358 unidades
préstamo de construcción
$43,038,495
Multifamily
Scottsdale, AZ
277 unidades
Freedie Mac
$18,288,000
Multifamily
Webster, NY
315 unidades
préstamo de construcción
$36,337,000
Multifamily
Phoenix, AZ
385 unidades
HTC Equity
$14,276,699
Multifamily
Filadelfia, PA
756 unidades
Fannie Mae
$11,250,000
Multifamily
Lowell, IN
192 unidades
FHA 223(a)(7)
$48,861,200
Multifamily
Herriman, UT
496 unidades
Fannie Mae
$38,187,000
Multifamily
Flowery Branch, GA
456 unidades
préstamo de construcción
$33,000,000
Multifamily
Addison, TX
383 unidades
Freedie Mac
$6,315,000
Multifamily
Winston-Salem, NC
108 unidades
Affordable Multifamily
Fannie Mae
$11,505,000
Multifamily
Austin, TX
156 unidades
LIHTC Capital
$10,118,562
Bridge Loan
$4,190,000
Multifamily
Camden, NJ
89 unidades
FHA 221(d)(4)
$12,335,300
Multifamily
Los Angeles, CA
137 unidades
Freedie Mac
$7,313,000
Multifamily
El Paso, TX
153 unidades
Preservation Equity
$8,205,981
Deuda
$14,322,750
Multifamily
Leesburg, VA
157 unidades
FHA 221(d)(4) LIHTC
$60,404,300
Multifamily
Chicago, IL
318 unidades
Freedie Mac
$8,500,000
Multifamily
Boynton Beach, FL
384 unidades
FHA 223(a)(7) — Section 8
$5,189,400
Multifamily
Muskegon Township, MI
120 unidades
LIHTC Capital
$15,600,046
Multifamily
Watertown, NY
115 unidades
Freedie Mac
$7,900,000
Multifamily
Columbia, SC
300 unidades
Preservation Equity
$11,062,659
Balance Sheet Loan
$19,064,500
Multifamily
Norwalk, CT
163 unidades
FHA 221(d)(4)
$34,999,900
Multifamily
Newark, NJ
258 unidades
Fannie Mae
$34,182,000
Multifamily
Garden Grove, CA
402 unidades
Freedie Mac
$5,407,000
Multifamily
Detroit, MI
216 unidades
FHA 223(a)(7)
$10,055,000
Multifamily
Chicago, IL
312 unidades
LIHTC Capital
$10,242,847
Bridge Loan
$8,100,000
Multifamily
Pittsburgh, PA
52 unidades
Oficina
préstamo de construcción
$126,000,000
PNC Share
$63,000,000
Oficina
Nueva York, NY
172,820 sf
préstamo permanente
$19,200,000
Oficina
Beaverton, OR
53,438 sf
Préstamo a plazos
$40,850,000
Oficina
Columbia, MD
429,236 sf
préstamo permanente
$35,000,000
Oficina
Boston, MA
228,031 sf
Préstamo a plazos
$43,000,000
Oficina
Reston, VA
236,198 sf
préstamo de construcción
$525,000,000
PNC Underwrite
$200,000,000
Respaldo de PNC
$87,500,000
Oficina
Washington, DC
862,000 sf
Préstamo a plazos
$53,000,000
Oficina
Brookhaven, GA
395,530 sf
préstamo de construcción
$160,000,000
Oficina
Houston, TX
585,636 sf
préstamo permanente
$41,000,000
Oficina
Baltimore, MD
216,896 sf
préstamo de construcción
$60,000,000
Oficina
Seattle, WA
180,000 sf
Préstamo a plazos
$21,515,000
Oficina
Columbia, MD
193,000 sf
préstamo permanente
$45,000,000
Oficina
College Park, MD
240,160 sf
Mixed Use
préstamo de construcción
$50,000,000
Mixed Use
Mountain View, CA
583,000 sf
HTC Equity
$11,081,370
Mixed Use
Rochester, NY
96 unidades
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 unidades
24,770 sf retail
Minorista
préstamo permanente
$35,000,000
Minorista
Hillsboro, OR
211,113 sf
préstamo de construcción
$34,357,000
Minorista
Louisville, KY
240,000 sf
Préstamo a plazos
$21,500,000
Minorista
Secaucus, NJ
118,000 sf
préstamo permanente
$79,585,000
Minorista
Chino, CA
339,706 sf
Transacciones
7-Year Term Loan
$300,000,000
Joint Lead Arranger
Julio de 2022
7-Term Loans
$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
Transacciones
CMBS
$8,137,500
Minorista
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
Oficina
Jersey City, NJ
Ginnie Mae
$2,396,498
Multifamily
Leonardtown, MD
CMBS
$5,250,000
Minorista
Goshen, IN
Sindicaciones
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.
Administración de tesorería
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.
Derivados financieros
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.
Consulta las ubicaciones de nuestras oficinas
Contamos con más de 1,100 profesionales de bienes raíces experimentados en más de 47 ubicaciones de oficinas en todo el país para atenderte.*
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
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
Información importante y divulgaciones
Los resultados varían según la organización y no podemos garantizar un nivel particular de resultados para tu organización.
Todo los comportamientos, rendimientos, precios o tasas tienen propósito ilustrativo solamente. Los mercados pueden cambiar y de hecho lo hacen. Los resultados reales variarán y pueden ser afectados desfavorablemente por las tasas de cambio, de interés u otros factores.
Lea un resumen de los derechos de privacidad para residentes de California, el cual describe los tipos de información que recabamos, así como la manera en que utilizamos dicha información y el motivo por el cual la utilizamos.
