M&T Realty Capital Corporation®
has arranged a $55,000,000 life insurance company loan for the refinance of a 342-unit multifamily property located in Herndon, VA.
At 50% LTV, the 30-year, 4.33% fixed-rate loan is fully amortizing.
The transaction was led by Senior Managing Director Daniel Panichelli and Associate Managing Director Matthew Kruvczuk of M&T Realty Capital Corporation’s Philadelphia office, in collaboration with Commercial Relationship Manager Brian Benzel of M&T Bank’s Baltimore office. Mr. Panichelli also serves as a program manager for M&T Realty Capital Corporation’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.