FINANCIAL_SERVICESAPPROVED

Housing Authority city of Fresno Awards Financial Services Contract to Pnc Real Estate (March 2026)

Fresno Housing approved agreements with PNC Real Estate to provide over $19 million in construction, bridge, and permanent financing for the rehabilitation of Garland Gardens Apartments. PNC will also serve as investor limited partner contributing tax equity.

Status
APPROVED
Document date
March 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pnc Real Estate
Agency
Housing Authority city of Fresno · CA

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$3,773,000 (construction loan, 21 months, 7%); $12,706,595 (equity bridge loan, 21 months, 6.55%); $2,075,541 (limited partner/tax equity contribution); $3,773,000 (permanent loan, 35 years, 7.24%); $15,755,413 (permanent limited partner tax equity)
Contract type
FINANCIAL_SERVICES
Contract term
Construction loans: 21 months; permanent loan: 35 years
Renewal date
2061-03-31
Renewal
Construction/permanent loan terms set at closing. Tax equity investments and loan conversions subject to project milestones and agreements.
Document type
AgendaPacket
Source document
Fresno Housing Authority Joint Board Meeting Agenda Packet March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority city of Fresno?

Pnc Real Estate was awarded this financial services contract by Housing Authority city of Fresno, as recorded on March 22, 2026. The contract value is $3,773,000 (construction loan, 21 months, 7%); $12,706,595 (equity bridge loan, 21 months, 6.55%); $2,075,541 (limited partner/tax equity contribution); $3,773,000 (permanent loan, 35 years, 7.24%); $15,755,413 (permanent limited partner tax equity).

How much is the Pnc Real Estate contract with Housing Authority city of Fresno worth?

The Pnc Real Estate contract with Housing Authority city of Fresno is valued at $3,773,000 (construction loan, 21 months, 7%); $12,706,595 (equity bridge loan, 21 months, 6.55%); $2,075,541 (limited partner/tax equity contribution); $3,773,000 (permanent loan, 35 years, 7.24%); $15,755,413 (permanent limited partner tax equity), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Fresno Housing Authority Joint Board Meeting Agenda Packet March 2026 (AgendaPacket), dated March 22, 2026 from Housing Authority city of Fresno. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Real Estate hold?

Pnc Real Estate may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Pnc Real Estate's profile

What is Housing Authority city of Fresno currently buying?

Explore Housing Authority city of Fresno's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Housing Authority city of Fresno's profile

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