M&T Realty Capital Corporation®
has arranged a $5,900,000 life insurance company loan for the refinance of a 19,724sf retail property located in Lincoln Park, NJ.
At 58% LTV, the 10-year, 4.70% fixed-rate loan is structured with 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 Banking Team Leader Matt Stabel of M&T Bank’s New York 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 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.