PNC ARCS secures $6.259m for Bayshore Village

PNC ARCS, a PNC Real Estate Company, recently arranged $6.259 million in financing for the Bayshore Village Apartments, a 152-unit property. Built in 1968, Bayshore Village Apartments is a garden-style apartment complex located north of Dallas. Common area property amenities include a swimming pool, laundry facility, and picnic areas located throughout the site. The loan was for a seven-year term/seven-year amortization at a rate of 5.65%. The loan was originated by PNC ARCS' Dallas office through Fannie Mae. ARCS is a PNC Real Estate Finance Company, which is a member of The PNC Financial Services Group, Inc. ARCS offers Fannie Mae, Freddie Mac, FHA, capital markets, construction, mezzanine and bridge financing.