M&T Realty Capital Corporation®
has arranged a $15,000,000 life insurance company loan for the refinance of a 170-unit multifamily property located in Smyrna, DE.
At 69% LTV, the 15-year, 4.27% fixed-rate loan is structured with 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 Commercial Relationship Manager Jessica Cowperthwait of M&T Bank’s Wilmington, DE office. Mr. Pettit also serves as a program manager 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.