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Fixed Rate Loan Financing


loan products:

fannie mae
Fixed Rate
ARM
DMBS
Tax-Exempt Bond Credit
 Enhancement

Small Mortgage
Seniors
Student
MHC
Structured ARM
DUS PLUS
Unfunded Forward Rate Lock Commitment

freddie mac
Fixed Rate
Float-to-Fixed-to-Float
Capped ARM
High-Leverage
Lease-Up Executions
Tax-Exempt Bond Credit Enhancement
Interest Only

additional information
interest rate calculation
prepayment options
supplemental mortgages
Fannie Mae Fixed Rate

For all multifamily property types

The Fannie Mae Fixed Rate Product will provide up to 80% of the value of the property for terms from 5 to 30 years. It also gives borrowers the choice of ballooning or fully amortizing mortgages, early rate locks and supplemental  loans.

PNC ARCS is one of America’s leading commercial lenders with an acknowledged expertise in multifamily finance and one of America’s leading Fannie Mae DUS™ lenders for more than a decade.

As a PNC Real Estate Finance Company, PNC ARCS is part of PNC Financial Services, one of the largest diversified financial services companies in America. Now PNC ARCS can provide access to debt and equity financing, construction loans, permanent financing, forward commitments, tax credits, direct bond purchase programs, mezz, bridge, Fannie Mae, Freddie Mac, FHA and Capital Markets. One single source to meet our borrowers’ needs.

The company is now the single source for all real estate financing across the full range of commercial property types.

Beyond the benefits of any specific lending product, PNC ARCS’ experience, expertise and unwavering commitment to extraordinary customer service are what set us apart from the rest. No one delivers more.

Product Overview

Eligibility
All multifamily property types

Loan Amounts
$1.5 million minimum. No maximum.

Term/Amortization
5 to 30 year terms
Up to 30 year amortization
Interest Only available but subject to some restrictions

Interest Rate
Fixed rate
Fixed +1: Fixed rate followed by an automatic conversion to a 1 year ARM for the last year of the loan term.

Debt Service Coverage Ratio
1.20x to 1.25x minimum depending on market

Loan to Value
80% maximum (75% max. for 5-year term)

Personal Recourse
Non-recourse with standard 'Carve-Outs' and Key Principal obligations

Prepayment   Click for more information
Yield Maintenance, Defeasance or Graduated Prepayment

Origination Fee
1% or less when applicable. $20,000 minimum.

Commitment Fee
2% (refundable)

Third Party Fees
Includes legal, appraisal, engineering, and environmental reports. Seismic reports and survey may also be required.

Replacement Reserve Impounds
Required - not less that $150/unit
(waiver considered for special circumstances)

Taxes and Insurance Impounds
Required. Waiver considered for low leverage transactions.

Assumability
Assumable with lender approval and a 1% fee

Supplemental mortgages   Click for more information
Available after 1 year. Up to 2 available, plus 1 more upon sale and assumption. $500,000 minimum.

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26901 Agoura Road, Suite 200 • Calabasas Hills, CA 91301-5109
800-ASK-ARCS •  • fax: 818-880-3333 • offices nationwide

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