Hugh R. Frater has been named executive vice president and head of real estate finance at PNC Financial Services Group Inc., Pittsburgh.Mr. Frater, 48, will be responsible for balance sheet lending, including lending for the acquisition, development, permanent financing, and operation of commercial real estate nationally, PNC said. He will also be responsible for Midland Loan Services, a provider of servicing and technology solutions to the commercial real estate finance industry, and PNC MultiFamily Capital, which serves the affordable housing industry. Mr. Frater joins PNC from BlackRock Inc., where he was a founding partner and head of the real estate group. The company can be found online at http://www.pnc.com.
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