M&T Realty Capital Corporation®
has arranged an $110,000,000 life insurance company loan for the refinance of a 72-unit mixed-use complex located in New York, NY.
At 50% LTV, the 12-year, 4.08% fixed-rate loan is structured with two years of interest-only payments, followed by a 30-year amortization.
The transaction was led by Executive Managing Director Donald Pettit and Managing Director Kevin Collins of M&T Realty Capital Corporation’s Philadelphia office, in collaboration with M&T Bank Commercial Senior Relationship Manager Doug Tilley. Mr. Pettit also serves as 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.