M&T Realty Capital Corporation® has arranged a $$24,500,000 life insurance company loan for the refinance of a 170,614-sf retail property located in Philadelphia, PA.
At 60% LTV, the 10-year, 3.5% fixed-rate loan is structured, followed by 30-years of 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, PA office, in collaboration with M&T Bank Commercial Senior Relationship Manager Michael DiSanto. 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 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.
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.