(Reuters) - Calabasas Hills, California,-based ARCS makes loans that fund purchases of apartment buildings, condominiums and co-ops with at least five units, PNC said.
ARCS has 10 loan offices, made more than $2.1 billion of loans in 2006, and services about $13 billion of loans. PNC said. Founded in 1995, ARCS said it employs more than 170 people.
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