News & Transactions

M&T Realty Capital Corporation Arranges $1.9 Million in Financing for Retail Property in Massachusetts
11/29/2019
M&T Realty Capital Corporation® has arranged a $1,900,000 life insurance company loan for the refinance of a 16,100 sf retail property located in West Springfield, MA.

The rate was fixed at application for the 18-year term at a spread of 205 over the 10-year Treasury.  The non-recourse fixed-rate loan met the borrower’s objective of fully amortizing within the anchor tenant’s remaining lease term.

The transaction was led by Managing Director Dan Kerner of M&T Realty Capital Corporation’s Boston office in cooperation with Ray Smith of Ray Smith and Associates.

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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