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Mezzanine 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
Custom Loan Options

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

capital markets
Multifamily
Retail
Office
Hotel
Industrial

additional information
interest rate calculation
prepayment options
supplemental mortgages
Mezzanine Financing
Product overview

Eligibility
Any multifamily property that is eligible under any of PNC ARCS’ permanent financing products is eligible for mezz financing.

Loan amounts
$500,000 minimum. $5 million maximum.

Maturity
Up to 5 years

Interest rates
Competitive rates quoted daily

Combined debt service coverage ratio
1.10x minimum

Combined loan to value
90% maximum

Security
Pledge of LP or LLC interests or second mortgage

Personal recourse
Non-recourse with standard “Carve-Outs”

Prepayment   Click for more information
Varies by transaction

Origination fee
2% or $25,000 minimum

Exit fees
2% (waived if refinanced with PNC ARCS)

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

Intercreditor agreement
Required

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