PNC ARCS closes $2.1 million loan in N.Y.

PNC ARCS, a PNC Real Estate Finance company completed a $2.1 million loan for the Central Park South Apartments, a 37-unit property. Built in 1961, Central Park South Apartments is a 21-story building with 37 owner occupied units and a commercial unit on the ground floor. The loan was for a 10-year term/interest-only at a fixed-rate of 5.82%. The loan was originated by PNC ARCS' Princeton office through Fannie Mae.

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Meridian Capital Group arranges $29.65 million construction loan for single-family residential development

Plano, TX Meridian Capital Group has arranged $29.65 million in construction financing for the first phase of a single-family residential community located at 2601 East Parker Rd. The 80% loan-to-cost, non-recourse financing was provided by Arixa Capital and