REAL ESTATE BANKING | AGENCY FINANCE | TAX CREDIT SOLUTIONS | MIDLAND LOAN SERVICES
PNC REAL ESTATE | As a successful commercial real estate owner, developer or investor, you have a clear vision for today
and for the future. Named a top 5 originator among banks1 and #1 apartment syndicator in the country, 2 PNC Real Estate offers
expertise in construction, bridge and permanent financing; agency and tax credit equity financing; public debt solutions; treasury
management; risk mitigation; and loan syndications delivered through an integrated model. With PNC Real Estate’s innovative
solutions, you’re ready for today. To learn more, visit pnc.com/realestate.
◊ 1 Top Five in Total Originations Among Banks, MBA Commercial Real Estate/Multifamily Finance Firms Annual Origination Volumes, 2018, www.mba.org 2 National Multifamily Housing Council, 2019, Top 10 Syndicators for Affordable Housing
PNC, PNC Bank and Midland Loan Services are registered marks of The PNC Financial Services Group, Inc. (“PNC”).
Treasury management, lending products and services, and derivative products (including commodity derivatives), are provided by PNC Bank, National Association
(“PNC Bank”), a wholly-owned subsidiary of PNC and Member FDIC. Services such as public finance investment banking services, securities under writing, and securities sales
and trading are provided by PNC Capital Markets LLC, a registered broker-dealer and member of FINRA and SIPC. PNC Bank and certain of its affiliates, including PNC TC, LLC,
an SEC-registered investment adviser wholly-o wned by PNC Bank, do business as PNC Real Estate. PNC Real Estate provides commercial real estate financing and related
services. Through its Tax Credit Solutions segment, PNC Real Estate provides lending services, equity investments and equity investment services relating to Low Income
Housing Tax Credit (“LIH TC”), affordable housing preservation, Ne w Markets Tax Credit (“NM TC”), and Historic Tax Credit (“H TC”) investments. PNC TC, LLC provides investment
advisory services to funds sponsored by PNC Real Estate for LIH TC and affordable housing preservation investments. Registration with the SEC does not imply a certain level of
skill or training. This material does not constitute an offer to sell or a solicitation of an offer to buy any investment product. Risks of each fund, as well as information regarding
the investments, risks, and expenses of each fund, are described in the funds’ private placement memorandum (“PPM”) or other offering documents. Please read the PPM and
offering documents carefully before investing with PNC Bank.
Lending, leasing and equity products and services, as well as certain other banking products and services, require credit approval.
PNC does not provide legal, tax or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax
©2020 The PNC Financial Services Group, Inc. All rights reserved.
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Emerson at Cherry Lane Apartments
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