M&T Realty Capital Corp.’s CKPP division has arranged a $6.5 million life insurance company loan for the refinance of a 49,888-square-foot retail property located in Willow Grove, Pa.
At 46 percent LTV, the 17-year, 4.22 percent fixed-rate loan is fully amortizing, according to a press release.
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The transaction was led by Managing Director Robert Kelly of M&T Realty Capital Corp.’s CKPP division, in collaboration with M&T Bank Senior Relationship Manager Rory Hertzog.
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, call us at 1-800-737-2344 or request a loan quote.
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