M&T Realty Capital Corporation®
has arranged a $5,200,000 life insurance company loan for the refinance of a 24-unit student housing complex located in Newark, DE.
At 60% LTV, the 20-year, 3.35% fixed-rate loan is structured and fully amortizing.
The transaction was led by Executive Managing Director Donald Pettit and Senior Managing Director Kevin Collins of M&T Realty Capital Corporation’s Philadelphia office, in collaboration with M&T Bank Commercial Relationship Manager Jessica Cowperthwait. Mr. Pettit also serves as the 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.