News & Transactions

M&T Realty Capital Corporation Arranges $29 Million in Financing for Mixed-Use Portfolio in New York
1/16/2019
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.

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