M&T Realty Capital Corporation®
has arranged a $43,000,000 life insurance company loan for the refinance of a 267-unit multifamily property located in Hackensack, NJ.
At 60% LTV, the 10-year, 4.00% fixed-rate loan is structured with a 30-year amortization.
The transaction was led by Managing Director John Taylor of M&T Realty Capital Corporation's Florham Park, NJ office. Executive Managing Director Donald Pettit, and Senior Managing Director Daniel Panichelli of M&T Realty Capital Corporation’s Philadelphia office and M&T Bank Senior Commercial Real Estate Relationship Manager Mark Zurlini collaborated on the transaction.
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
All loans and all terms referenced herein are subject to receipt of a complete application, credit approval, and other conditions.