News & Transactions

M&T Realty Capital Corporation Arranges $20 Million in Financing for a Ground Lease in New York City
6/8/2022
M&T Realty Capital Corporation® has arranged a $20,000,000 life insurance company loan for the refinance of a ground lease located in New York, NY.

At 60% LTV, the 10-year, 2.74% fixed-rate loan is structured with 10- years of interest-only payments.

The transaction was led by Executive Managing Director Donald Pettit and Senior Managing Director Kevin Collins of M&T Realty Capital Corporation’s Philadelphia office, in collaboration with M&T Bank Commercial Bank Team Lead Matt Stable. Mr. Pettit also serves as the program manager for M&T Realty Capital Corporation’s life insurance company and CMBS financing programs.

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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