M&T Realty Capital Corporation®
has arranged a $29,000,000 life insurance company loan for the refinance of a 15,559 sf mixed-use portfolio located in New York, NY.
At 60% LTV, the 8-year, 4.51% fixed-rate loan is structured with four years of interest-only payments, followed by a 30-year amortization.
The transaction was led by Executive Managing Director Donald Pettit, Senior Managing Director Daniel Panichelli, and Managing Director Kevin Collins of M&T Realty Capital Corporation’s Philadelphia office, in collaboration with Commercial Relationship Manager Adam Bavifard of M&T Bank’s New York office. Mr. Pettit and Mr. Panichelli also serve as the program managers for the company’s life insurance company and conduit correspondent relationships.
M&T Realty Capital Corporation works 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.