M&T Realty Capital Corporation®
has arranged a $20,000,000 life insurance company loan for the refinance of an 88,814 sf office property located in New York, NY.
At 19% LTV, the 10-year, 2.70% fixed-rate loan is structured with full-term interest-only payments.
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 Banking Team Leader Douglas Tilley. Mr. Pettit also serves as a 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
For more information on financing options, 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.