M&T Realty Capital Corporation®
has arranged two life insurance company loans totaling $22,800,000 for the refinance of a 97,262-sf retail center located in Willow Grove, PA, as well as the financing of a ground acquisition of a 4.93-acre retail property in Horsham, PA. The 4.93-acre site is comprised of three commercial pads.
At a total LTV of 47%, the 10-year, 3.56% fixed-rate loans are fully amortizing.
The transaction was led by Managing Director Rob Kelly of M&T Realty Capital Corporation’s Philadelphia office.
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.