M&T Realty Capital Corporation®
’s CKPP division has arranged an $18,350,000 life insurance company loan for the refinance of a 132,299sf retail property located in Kennett Square, PA.
At 70% LTV, the 8-year, 4.59% fixed-rate loan is structured with one year of interest-only payments, followed by a 25-year amortization.
The transaction was led by Executive Managing Director Donald Pettit and Senior Managing Director Daniel Panichelli of M&T Realty Capital Corporation’s CKPP division, in collaboration with Senior Relationship Manager Kevin Barrett of M&T Bank’s Philadelphia office.
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.