M&T Realty Capital Corporation®
hasarranged a $15,000,000 life insurance company loan for the refinance of an 88-unit multifamily property located in New York, NY.
At 53% LTV, the 2-year, 3.2% fixed-rate loan is structured and followed by a 30-year amortization.
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’s Senior Commercial Associate Manager Hunter Noah. 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.