HUD lender profile
PNC Bank, National Association: HUD multifamily lending record
HUD insured 32 multifamily loans with PNC Bank as lender in FY2022-FY2026, for $624 million and 4,762 units. That is 1.0% of all HUD multifamily dollars in those years and #28 among lenders.
- HUD files it as PNC BANK, NATIONAL ASSOCIATION
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 5 HUD loans for $59.5 million, down 61% from FY2025 and ranking #36 among HUD multifamily lenders that year.
NC/SR was its largest program at 76% of five-year dollars, followed by 223(f) at 22%.
It lent in 15 states; Texas was the largest at 30% of dollars.
Its median loan was $11.4 million, below the $14.3 million median for all HUD multifamily endorsements in the same years.
On 223(f) loans, the median time from firm commitment to initial endorsement was 94 days (8 loans), against 87 days for all lenders.
24 of its 32 loans (75%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 5 | $59.5M | 1 | 4 | #36 | |
| FY2025 | 7 | $154M | 3 | 4 | #20 | |
| FY2024 | 6 | $139M | 1 | 5 | #15 | |
| FY2023 | 5 | $154M | 1 | 3 | #15 | |
| FY2022 | 9 | $117M | 2 | 5 | #30 | |
| FY2021 | 24 | $281M | 14 | 8 | #24 | |
| FY2020 | 14 | $282M | 4 | 9 | #16 | |
| FY2019 | 9 | $117M | 1 | 8 | #28 | |
| FY2018 | 15 | $201M | 3 | 11 | #18 | |
| FY2017 | 15 | $344M | 4 | 9 | #12 | |
| Since FY2002 | 343 | $4.13B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 21 | $472M | $16.2M |
| 223(f) purchase or refinance | 8 | $135M | $9.2M |
| 223(a)(7) streamlined refinance | 2 | $14.9M | $7.4M |
| 241(a) supplemental loan | 1 | $1.3M | $1.3M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (32)
- 94 days median
- Middle half of its loans
- 65-183 days
- 223(f) (8 loans)
- 94 days
- NC/SR (21 loans)
- 90 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-05-21 | Timbers Edge · TX | NC/SR | $17.0M |
| 2026-03-12 | Arbor Oaks Apartments · MD | NC/SR | $19.8M |
| 2026-02-19 | Palmer Gardens · OH | NC/SR | $5.1M |
| 2026-01-29 | Residences at Hillcrest · VA | 223(f) | $9.7M |
| 2025-12-03 | 10 Q Apartments Fka the Barnett Aden · DC | NC/SR | $7.9M |
| 2025-08-07 | Canyon's Edge Apartments · NV | 223(f) | $8.8M |
| 2025-04-25 | Kaleima'o Village · HI | NC/SR | $17.5M |
| 2025-03-18 | The Residence at South Haven Farms · UT | 223(f) | $40.7M |
| 2025-02-12 | Inglewood Gardens Apartments · CA | 223(f) | $11.8M |
| 2024-11-27 | Hale Moiliili · HI | NC/SR | $60.6M |
| 2024-11-26 | 305 E Round Grove Living · TX | NC/SR | $10.9M |
| 2024-10-03 | Lalita Senior Living · TX | NC/SR | $3.9M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Maunakea Tower · HI | NC/SR | $106M |
| Hale Moiliili · HI | NC/SR | $60.6M |
| Weston Willows · DE | 223(f) | $48.0M |
| The Residence at South Haven Farms · UT | 223(f) | $40.7M |
| Richland Hills Apartments · TN | NC/SR | $36.1M |
| Palladium Old Fm 471 W · TX | NC/SR | $35.5M |
| Palladium San Antonio · TX | NC/SR | $30.1M |
| Country Club Village · TX | NC/SR | $27.5M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists PNC Bank, National Association as servicer on 400 apartment loans with $2.80 billion of balance and 43,453 units. The median note rate on that book is 3.75%. 231 of the loans carry a rate under 4%. 21 mature within five years. HUD lists the same name as holder of 400 loans.
- 223(f)
- 155 loans
- 221(d)(4)
- 124 loans
- 223(a)(7)
- 111 loans
- 241(a)
- 6 loans
- Other
- 4 loans
Largest servicing states: California (91), Illinois (41), Texas (33), Pennsylvania (25), Ohio (24), Michigan (21).
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
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