18A —February 18 - March 17, 2022 — M id A tlantic Real Estate Journal
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M id A tlantic R eal E state J ournal Managing director, Zach Casale leads transaction M&T Realty Capital Corp. arranges $13M in financing office. M&T Realty Capital Cor - poration works with a broad network of institutional and life insurance company in - vestors to provide mortgage financing for commercial income-producing proper - ties—office, industrial, retail, and hotel (on an exception basis)—as well as for multi - family properties. MAREJ Liberty SBF launches newbridge loan product targeting middle-market CRE investors ALTIMORE, MD — M&T Real ty Cap - ital Corpo - ration has a r r a n g e d a $13 mil - lion nonre- course life i nsu r an c e c o m p a n y loan for the B Zach Casale
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acquisition of a 67,000 s/f single-tenant office prop- erty located in West Palm Beach, FL. At <60% LTV, the 7-year low 3% fixed-rate loan is struc - tured and followed by a 25- year amortization schedule. The transaction was led by managing director Zach Ca- sale of M&T Realty Capital Corporation’s Buffalo, NY cost with pricing starting at L+450. The Senior financing product enables investors to close more quickly on a new acquisition than with perma - nent financing. To qualify for a non-recourse bridge loan, which is akin to larger collat - eralized loan obligation (CLO) offerings, borrowers must meet an in-place cash-flow require - ment. “With increasing competi - tion for assets and a need for financing opportunities for the middle market, our new bridge loan product presents CRE in - vestors with a remarkable op - portunity to secure short-term financing and seize opportuni - ties fast,” said Alex Cohen , CEO of Liberty SBF. “There
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has been growing interest from our broker and borrower community in this product, as there are very few non-recourse bridge options available at this price point for loans between $5-15 million. We’re proud to make this available to borrow - ers and brokers and help fill a void in the market.” In November Liberty SBF provided a $5.2 million first- mortgage bridge loan for the acquisition of an industrial property in Las Vegas, Nevada. The borrowers had to close the acquisition financing quickly in order to take advantage of a below-market price on the asset. At the time of the acqui - sition, the property was 45% occupied. MAREJ
LOS ANGELES, CA — In response to strong borrower and investor demand, Lib-
erty SBF , a national com - mercial real estate (CRE) lender, has announced a new bridge loan product for middle- market CRE
Alex Cohen
investors who previously had few financing options available to them. The non-recourse bridge loan product provides 2- to 3-year financing terms for multifamily and commercial properties from $5-15 million, advancing up to 80% loan-to-
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