M&T Realty Capital Corporation®
has arranged a $24,700,000 life insurance company loan for the refinance of a 158-unit multifamily property in Babylon, NY.
At 45.9% LTV, the 20-year, 3.09% fixed-rate loan is structured and followed by 30-years of amortization.
The transaction was led by Managing Director John Taylor of M&T Realty Capital Corporation’s Florham Park, NJ office, in collaboration with M&T Bank Commercial Senior Relationship Manager Michael McCarthy.
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.