PNC ARCS is one of America's leading commercial lenders with an acknowledged expertise in multifamily finance. For more than a decade, the company has been among the Top 5 Fannie Mae DUS lenders. Now as a PNC Real Estate Finance Company, PNC ARCS has become the single source for all real estate financing needs. PNC ARCS offers Fannie Mae, Freddie Mac, FHA and Capital Markets for all commercial property types. The company can provide debt and equity financing, construction loans, permanent financing, forward commitments, tax credits, direct bond purchase programs, mezz, bridge virtually everything a borrower could need.
The company was created in 1995 when a group of investors with strong experience in real estate finance, development, and property management purchased the commercial mortgage division of ARCS from The Bank of New York Company, Inc. The new company, more efficient, more flexible, and more focused was designed to meet the needs of the emerging commercial real estate market for the year 2000 and beyond.
The company expanded rapidly to include more than a dozen branch offices nationwide and by 2007, ARCS had been Fannie Mae's #1 DUS lender nine times. In July of 2007, ARCS was acquired by the PNC Financial Services Group and became a PNC Real Estate Finance Company, capable of providing the broadest line of lending products for both the multifamily niche that ARCS is known for but also the full range of commercial property types including office buildings, shopping centers, self-storage, and hospitals.
PNC ARCS currently services a portfolio approaching $13 billion for more than 1800 properties in 40 states. Loan origination volume has grown each year since 1995. In 2006, ARCS closed more than $2.1 billion.
While the company has risen rapidly, the goal was never size, but extraordinary service. Our expertise, financial strength, and commitment to creative solutions is what contributes to our growth. You can rely on us to underpromise and overdeliver.
The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation's largest diversified financial services organizations providing retail and business banking; specialized services for corporations and government entitites, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.