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.
Hatboro, PA G.S. Wilcox & Co. completed $20 million in permanent financing for a 102-unit apartment project. The financing, which featured a forward commitment at an attractive rate, was arranged by Gretchen Wilcox,