News & Transactions

M&T Realty Capital Corporation’s CKPP Division Arranges $8.4 Million in Financing for Hotel in Delaware
2/5/2018
M&T Realty Capital Corporation®’s CKPP division has arranged an $8,425,000 life insurance company loan for the refinance of a 120-room hotel located in Newark, DE.

At 50% LTV, the 10-year, 4.17% fixed-rate loan is structured with a 25-year amortization.

The transaction was led by Managing Director Robert Kelly of M&T Realty Capital Corporation’s CKPP division, in collaboration with M&T Bank Relationship Manager Jessica Cowperthwait.

M&T Realty Capital Corporation and CKPP work with a broad network of institutional and life insurance company investors to provide mortgage financing for commercial income-producing properties—office, industrial, retail, and hotel (on an exception basis)—as well as for multifamily properties.

For specific loan information on this program, please call us at 1-800-737-2344 or request a loan quote.

All loans and all terms referenced herein are subject to receipt of a complete application, credit approval, and other conditions.

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