PNC Bank to Lend on 300-Unit Dacula Multifamily Development
PNC Bank will serve as sole construction lender for Lineage, a 300-unit multifamily community spanning nearly 15 acres in Dacula, Georgia, set to deliver its first residents by April 2028. This financing continues PNC’s multi-year capital advisory partnership with Thompson Thrift across several national developments.
1. PNC Bank Financing Role
PNC Bank has been appointed sole construction lender for the Lineage project in Dacula, Georgia, leveraging its real estate banking arm to provide both construction financing and capital advisory services. This arrangement reflects an ongoing multi-year relationship with Thompson Thrift, under which PNC has supported multiple multifamily developments nationwide.
2. Lineage Development Overview
Lineage will feature 300 apartment homes across nearly 15 acres, with one-, two- and three-bedroom units designed for delivery in April 2028. The community includes over 9,500 sq ft of integrated street-level retail, resort-style amenities, event spaces, a golf simulator and detached garages to cater to evolving resident expectations.
3. Strategic Impact for PNC
The deal reinforces PNC’s position in the fast-growing Atlanta suburban market, where strong demographic and employment fundamentals drive demand for rental housing. By extending its construction lending footprint and advisory capabilities, PNC is deepening its exposure to multifamily finance and strengthening ties with a leading national developer.