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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M&T Realty Capital Corporation. Member FDIC. NMLS #1024366. All rights reserved.