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This excerpt taken from the PNC 10-Q filed Nov 8, 2007. ARCS COMMERCIAL MORTGAGE CO.,L.P. On July 2, 2007, we acquired ARCS, a Calabasas Hills, California-based lender with 10 origination offices in the United States. ARCS has been a leading originator and servicer of agency multifamily loans for the past decade. It originated more than $2.1 billion of loans in 2006 and services approximately $13 billion of commercial mortgage loans. |
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