M&T Realty Capital Corporation®
has arranged $16,000,000 in permanent financing for the 112-unit third phase of an apartment complex located in Mount Laurel, NJ. M&T Bank provided the prior construction financing.
At 70% LTV, the 7 ½-year, 4.10% fixed-rate loan is structured with a 30-year amortization.
The transaction was led by Managing Director Robert Kelly of M&T Realty Capital Corporation’s Philadelphia office, in collaboration with M&T Bank Senior Relationship Manager Kevin “KC” Barrett.
M&T Realty Capital Corporation is a full-service mortgage banking company that specializes in providing competitive financing nationwide for commercial real estate, including multifamily, healthcare facilities, office, industrial, retail, and student, senior, and military housing.
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.