PNC ARCS places $9m loan for 140-unit prop. in Santa Maria, Calif.

PNC ARCS, a PNC Real Estate Finance company, has placed $9 million in financing for The Village Townhomes, a 140-unit property. Completed in 1962, The Village Townhomes is a two-story garden style complex on more than 4 acres. Amenities include carport parking and laundry rooms. The loan was for a seven-year term/interest-only at a rate of 5.8%. The loan was originated by PNC ARCS' Calabasas Hills office through Freddie Mac.

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Legion Investment Group and Nahla Capital’s 1122 Madison Avenue inks $21.175 million contract

Manhattan, NY 122 Madison Ave.’s half-floor Residence 14 North went into contract for $21.175 million. This was a top deal in the Olshan report and the only deal above $10 million.

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