News & Transactions

M&T Realty Capital Corporation Arranges $6 Million in Financing for an Industrial Property in New York State
5/5/2022
M&T Realty Capital Corporation® has arranged a $6,000,000 construction to perm loan through one of their correspondent life insurance companies for a to-be-built a 55,000-sf industrial property located in Buffalo, NY.

 The 3.8% rate offers an initial 12-month interest-only period followed by a 15-yr fixed rate term at the same rate.  The nonrecourse permanent loan is amortized over 20-yrs.

The transaction was led by Senior Vice President Zach Casale of M&T Realty Capital Corporation’s Buffalo, NY office.  “Providing one credit facility for our long-time customer was critical to their business plan in what was the beginning of our recent rate hike environment.  Our client was very concerned with rising rates and we helped offset that by securing an interest-rate fixed over a 16-yr period”.     

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.

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