PNC Bank, N.A. combines the balance sheet of a large national institution with a substantial commercial real estate operation. The Wilmington, Delaware bank had $609.8 billion in total assets, $369.5 billion in total loans and $47.1 billion in CRE loans as of June 30, 2026, according to the FDIC. Its CRE balance placed it among the country’s largest bank lenders by outstanding loans. PNC states that it provides acquisition, construction, interim and permanent financing for regional owners and operators, national developers, real estate funds and REITs. Its stated property coverage includes multifamily, office, industrial, retail, lodging and self-storage.
For borrowers, the clearest strengths are scale, broad property coverage and evidence of capacity for large transactions. Press reports during 2025 and 2026 identified PNC in construction, acquisition, refinance and permanent loans across several markets. Those announcements ranged from a $24.28 million apartment construction loan in Port Orchard, Washington, to a $492.7 million multifamily refinance in Long Island City, New York. Publicly reported transactions do not establish standard loan sizes or approval criteria, but they illustrate the types of assignments PNC has recently completed. The bank also states that it provides agency financing for multifamily and seniors housing, along with debt and equity capital for affordable housing.
PNC holds a $47.1 billion CRE portfolio led by investor property and multifamily loans
FDIC figures place PNC’s commercial real estate loan book at $47.1 billion as of June 30, 2026. That total ranks 6 of 4,167 banks nationally and 1 of 10 banks headquartered in Delaware. Investor nonfarm nonresidential loans are the largest component at $16.5 billion, representing 35.0% of CRE loans and ranking 7 nationally within that segment. Multifamily follows closely at $15.0 billion, or 31.8% of CRE, with a national segment rank of 4. Together, these balances show that income producing investment properties are central to PNC’s CRE exposure. They do not, however, indicate which individual properties, sponsors or markets the bank will approve for future financing.
Owner occupied real estate accounts for $10.4 billion, equal to 22.0% of PNC’s CRE portfolio, and ranks 9 nationally in that segment. Construction and land loans total $5.3 billion, or 11.2% of CRE loans, with a national segment rank of 12. The mix gives PNC meaningful exposure to both stabilized properties and development activity, while retaining a substantial owner occupied business. Total CRE loans represent 12.8% of the bank’s $369.5 billion loan portfolio. Investor CRE equals 0.58x equity, a measure borrowers can use to understand portfolio concentration rather than expected underwriting terms. PNC’s balance sheet mix supports its standing as a significant CRE lender, but FDIC holdings do not promise availability for any proposed transaction.
| Segment | Loans ($M) | Share of CRE | National rank |
|---|---|---|---|
| Construction and land | $5,261 | 11.2% | #12 |
| Multifamily | $14,980 | 31.8% | #4 |
| Owner occupied | $10,376 | 22.0% | #9 |
| Investor nonfarm nonresidential | $16,516 | 35.0% | #7 |
Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for PNC Bank, N.A..
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PNC’s CRE portfolio stood at $35.1 billion on June 30, 2021, increased to $45.4 billion in 2022 and reached $45.8 billion in 2023. It then eased to $45.2 billion in 2024 and $41.2 billion in 2025 before rising to $47.1 billion in 2026. The change since June 30, 2021 is +34.1%, while the latest year over year change is +14.3%. PNC’s company reporting uses a different CRE classification from the FDIC figures. It reported $29.6 billion at December 31, 2025, $34.8 billion at March 31, 2026 and $36.0 billion at June 30, 2026. PNC also reported lower commercial real estate net loan charge-offs for full-year 2025 compared with 2024.
| June 30 | Total CRE loans ($M) | Change |
|---|---|---|
| 2021 | $35,138 | |
| 2022 | $45,398 | +29.2% |
| 2023 | $45,827 | +0.9% |
| 2024 | $45,164 | -1.4% |
| 2025 | $41,226 | -8.7% |
| 2026 | $47,133 | +14.3% |
Recent financings show activity across loan purposes and property types
Recent press reports show PNC handling large multifamily assignments as well as office, retail and specialized property transactions. Reported 2026 deals include a $492.7 million refinance for the 812-unit 2-21 Malt Drive building in Long Island City and a $404 million refinance for The Archive, a 472-unit apartment building in New York. Construction financings included $92 million for the 299-unit 2121 Virginia Avenue development in Washington, DC, $92.3 million for a 380-unit apartment redevelopment in Doral and $84.5 million for the 366-unit Vybe 75 development in Miami. Press coverage also identified a $132 million permanent loan for the M Station West office building in Morristown and a $96 million acquisition loan for a Lahaina, Hawaii retail portfolio.
PNC says its real estate banking business provides acquisition, construction, interim and permanent financing across multifamily, office, industrial, retail, lodging and self-storage. Its stated client base includes regional owners and operators, national developers, real estate funds and REITs. Other reported activity supports the breadth of that description. Press reports identified a $50.9 million construction loan for the Aventura Plaza skilled nursing facility development and a $24.28 million construction loan for Ravine Ridge, a 138-unit garden apartment project. A construction loan was also reported for the 198-unit Mara by Vermella development, although no amount was announced. These examples indicate breadth, not standard pricing, leverage or execution terms.
| Date | Property | Location | Type | Amount | Source |
|---|---|---|---|---|---|
| 2026-10 | M Station West office building | Morristown, NJ | permanent | $132 million | sjpproperties.com |
| 2026-10 | Lahaina Cannery and Lahaina Gateway retail portfolio | Lahaina, HI | acquisition | $96 million | commercialobserver.com |
| 2026-09 | 2121 Virginia Avenue, 299-unit multifamily development | Washington, DC | construction | $92 million | commercialobserver.com |
| 2026-09 | 2-21 Malt Drive, 812-unit multifamily building | Long Island City, NY | refinance | $492.7 million | traded.co |
| 2026-08 | Aventura Plaza skilled nursing facility development | North Miami Beach, FL | construction | $50.9 million | commercialobserver.com |
| 2026-08 | Vybe 75, 366-unit multifamily development | Miami, FL | construction | $84.5 million | commercialobserver.com |
| 2026-05 | The Archive, 472-unit apartment building | New York, NY | refinance | $404 million | commercialobserver.com |
| 2026-03 | Mara by Vermella, 198-unit multifamily development | Belmar, NJ | construction | connectcre.com | |
| 2026-02 | Ravine Ridge, 138-unit garden apartment development | Port Orchard, WA | construction | $24.28 million | connectcre.com |
| 2026-02 | 380-unit apartment redevelopment at 8300 NW 33rd Street | Doral, FL | construction | $92.3 million | connectcre.com |
| 2025-12 | Haverstock Hills, 700-unit affordable housing complex | Houston, TX | acquisition | $120 million | commercialobserver.com |
| 2025-09 | Modera Boca, 304-unit multifamily development | Boca Raton, FL | construction | $100.9 million | commercialobserver.com |
| 2025-07 | The Faywell, 334-unit mixed-use multifamily development | Wheaton, IL | construction | $84 million | cremarketbeat.com |
Financings publicly announced by the bank, its borrowers or their advisors, as reported by the linked source. Not a complete record of the bank’s lending.
A broad branch footprint supports borrowers with substantial and complex needs
PNC has 2413 domestic offices and branches in 28 states. Its largest listed state presence by deposits is Pennsylvania, with 259 branches and $140.2 billion in deposits. Other substantial markets include New Jersey with 175 branches and $42.5 billion, Ohio with 216 branches and $39.6 billion, and Texas with 319 branches and $30.1 billion. The bank also has 148 branches and $23.4 billion in Illinois, 124 branches and $21.4 billion in Michigan, 196 branches and $21.0 billion in Florida, and 121 branches and $20.9 billion in Colorado. A branch footprint can support banking relationships, but it should not be treated as a commitment to lend in every location.
By CRE loan volume, PNC sits near U.S. Bank, N.A., which has $50.7 billion, and above Manufacturers and Traders Trust Company at $34.7 billion. Other banks with a broadly similar size and mix include Valley National Bank and TD Bank, N.A., each with $30.4 billion, Citizens Bank, N.A. with $26.9 billion, and Columbia Bank with $26.4 billion. PNC may fit established owners, developers, funds and REITs seeking a bank with substantial balance sheet capacity and multiple CRE financing channels. Borrowers should still confirm property eligibility, geography, structure and current appetite directly with the bank.
| State | Branches | Deposits ($M) |
|---|---|---|
| Pennsylvania | 259 | $140,150 |
| New Jersey | 175 | $42,494 |
| Ohio | 216 | $39,586 |
| Texas | 319 | $30,127 |
| Illinois | 148 | $23,407 |
| Michigan | 124 | $21,375 |
| Florida | 196 | $21,032 |
| Colorado | 121 | $20,874 |
Peer banks with a similar CRE book
| Bank | Headquarters | Total CRE loans ($M) | Change, 1 year |
|---|---|---|---|
| U.S. Bank, N.A. | Cincinnati, OH | $50,718 | +10.2% |
| Valley National Bank | Passaic, NJ | $30,353 | +5.2% |
| TD Bank, N.A. | Wilmington, DE | $30,408 | -3.6% |
| Manufacturers and Traders Trust Company | Buffalo, NY | $34,665 | +0.6% |
| Citizens Bank, N.A. | Providence, RI | $26,949 | -7.4% |
| Columbia Bank | Roseburg, OR | $26,361 | +36.5% |
Frequently Asked Questions
Does PNC Bank make commercial real estate loans?
Yes. PNC Bank, N.A. held $47.1 billion in commercial real estate loans as of June 30, 2026, according to the FDIC. PNC states that it provides acquisition, construction, interim and permanent financing to regional owners and operators, national developers, real estate funds and REITs. Its stated property coverage includes multifamily, office, industrial, retail, lodging and self-storage. The bank also provides agency financing for multifamily and seniors housing, plus debt and equity capital for affordable housing.
How large is PNC Bank’s commercial real estate portfolio?
PNC Bank’s CRE portfolio totals $47.1 billion as of June 30, 2026. That balance represents 12.8% of its $369.5 billion loan portfolio and ranks 6 of 4,167 banks nationally. Investor nonfarm nonresidential loans are the largest category at $16.5 billion, followed by multifamily at $15.0 billion, owner occupied real estate at $10.4 billion, and construction and land at $5.3 billion. These are portfolio holdings, not indications of future loan availability or underwriting terms.
Does PNC Bank finance multifamily properties?
Yes. PNC states that it finances multifamily properties and provides agency financing for multifamily and seniors housing. The FDIC reports $15.0 billion of multifamily loans as of June 30, 2026, representing 31.8% of PNC’s CRE portfolio and ranking 4 nationally in that segment. Press reports also identified a $492.7 million refinance for an 812-unit Long Island City building and a $92 million construction loan for a 299-unit Washington, DC development. Individual terms and eligibility must be confirmed with the bank.
Does PNC Bank offer commercial construction loans?
Yes. Construction financing is part of PNC’s stated real estate banking focus. The bank held $5.3 billion in construction and land loans as of June 30, 2026, equal to 11.2% of its CRE portfolio. Press reports during 2026 identified construction loans for multifamily developments in Washington, DC, Miami, Doral, Belmar and Port Orchard, as well as a skilled nursing facility development in North Miami Beach. These announced transactions demonstrate activity but do not establish standard loan amounts, pricing, leverage or closing speed.
What type of borrower is a good fit for PNC Bank CRE lending?
PNC may fit established regional owners and operators, national developers, real estate funds and REITs, which are the client groups named by the bank. Its $47.1 billion CRE portfolio and recent publicly reported financings indicate capacity for substantial and complex transactions across several property types. Borrowers pursuing multifamily, office, industrial, retail, lodging, self-storage, seniors housing or affordable housing financing align with PNC’s stated focus. Suitability still depends on the property, sponsor, location, requested structure and the bank’s current credit appetite.
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BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with PNC Bank. See our Legal Disclaimer and Compensation Disclosure.