M&T Realty Capital Arranges $12.5M Refinance Loan For Deer Park Industrial Property

An owner-occupied, 104,844 sf industrial development located at 1050 Grand Blvd in Deer Park, NY has been refinanced with a $12,500,000 loan. The loan was secured through one of M&T Realty Capital Corporation®️'s life insurance correspondent lenders. The borrower was able to lock in an aggressive, non-recourse long-term fixed rate at the time of application. The loan was arranged by Senior Managing Director John Taylor and Managing Director Donna Falzarano from M&T Realty Capital Corporation's Florham Park, NJ office. The servicing will be provided by M&T RCC, ensuring a personal relationship and full access whenever needed.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,500,000
• Address: 1050 Grand Blvd.
• Market: New York
• Square Footage: 104,844

M&T Realty Capital Corporation is a full-service mortgage banking company specializing in providing competitive financing nationwide for various commercial real estate sectors. They have a broad network of institutional life insurance company investors and other capital sources.