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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M&T Realty Capital Corp. closes $141.4 million bridge loan for Anagram Turtle Bay in Manhattan

Manhattan, NY M&T Realty Capital Corp. closed a $141.4 million bridge loan for Anagram Turtle Bay, a newly constructed 194-unit multifamily community located at 300 East 50th St. in the