PNC ARCS Capital Markets Group can provide financing for every type of retail property. Whether your property includes a supermarket, drug store, or discount warehouse store such as Target or Walmart (anchored), lies adjacent to a retail anchor that is not a part of your property (shadow anchored), or is completely unanchored, PNC ARCS will provide you with a loan from $3 million and up, 5 to 30 year terms, with flexible prepayment options.
PNC ARCS Capital Markets Group provides mortgage financing for every commercial property type including office, retail, industrial, self-storage, hotel as well as multifamily. PNC ARCS Capital Markets Group offers attractive choices and maximum flexibility for today’s competitive marketplace, with the added benefit of having your capital markets loan serviced by PNC ARCS. Utilizing both leading edge technology and old-fashioned customer service, PNC ARCS can provide a fast, smooth reliable execution through closing and beyond.
Beyond the benefits of any specific lending product, PNC ARCS’ expertise and unwavering commitment to extraordinary customer service are what set us apart from the rest. And with specialists in capital markets, affordable housing, seniors housing, student housing, manufactured housing communities, FHA multifamily, as well as mezzanine/bridge financing, we can help meet your most critical financial and timing needs. No one delivers more.
Product overview
Eligibility Anchored, shadow anchored and unanchored retail
Borrower eligibility Single purpose bankruptcy remote entity
Loan amounts $3 million. No maximum.
Loan term/amortization
5 to 30 year terms
Up to 30 year amortization available
Interest rate
Interest rate is based according to risk.
Call for a quote.
Personal recourse None, except for typical lender “Carve-Outs”
Debt service coverage
1.20x minimum
Loan to value 75% maximum (shadow anchored and unanchored)
80% maximum (unanchored)
Interest calculation Actual/360
Prepayment Loan is locked for 24 months from securitization and subject to defeasance thereafter but fully prepayable without penalty in the last 3 to 6 months of loan term.
Origination fee 1% typically
Third party fees Includes legal, appraisal, engineering, and environmental reports. Seismic reports and survey may also be required.
Replacement reserve impounds Typically required
Supplemental mortgages
Available on a case-by-case basis