News & Transactions

M&T Realty Capital Corporation’s CKPP Division Arranges $43 Million in Financing for Multifamily Property in New Jersey
7/11/2018
M&T Realty Capital Corporation®’s CKPP division 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, Executive Managing Director Donald Pettit, and Senior Managing Director Daniel Panichelli of M&T Realty Capital Corporation’s CKPP division. M&T Bank Senior Commercial Real Estate Relationship Manager Mark Zurlini collaborated on the transaction.

M&T Realty Capital Corporation and CKPP work 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.

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