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Brokerage
Posted: August 4, 2008
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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