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PNC Grows Multifamily Lending Business, Acquires ARCS 

May 09, 2007By

PNC, according to Reuters the 10th-largest US bank, said earlier today it will buy multifamily mortgage originator and servicer ARCS Commericial Mortgage. Calabasas Hills, California,-based ARCS makes loans that fund purchases of apartment buildings, condominiums and co-ops with at least five units, PNC said.

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