M&T Realty Capital Corporation®
has arranged financing for a $61,650,000 refinance of a 513-unit multifamily property located in Lancaster, PA.
At 75% LTV, the 15-year, 4.95% fixed-rate loan is structured with a 30-year amortization.
The transaction was led by Executive Managing Director Donald Pettit and Senior Managing Director Daniel Panichelli of M&T Realty Capital Corporation’s Philadelphia office. Mr. Pettit and Mr. Panichelli both serve as program managers for the company’s life insurance company and CMBS financing programs.
M&T Realty Capital Corporation is a full-service mortgage banking company that specializes in providing competitive financing nationwide for commercial real estate, including multifamily, healthcare facilities, office, industrial, retail, and student, senior, and military housing.
For more information on financing options, 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.