M&T Realty Capital Corporation®
’s CKPP division has arranged financing for a $90,000,000 refinance of a 178-room hotel located in Key Largo, FL.
At 48% LTV, the 10-year, 4.82% fixed-rate loan is structured with two years of interest-only payments, followed by a 30-year amortization.
The transaction was led by Managing Director Robert Kelly of M&T Realty Capital Corporation’s CKPP division, in collaboration with Senior Relationship Manager Eric Heffler of M&T Bank’s Buffalo, NY office.
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.