M&T Places Permanent Loan on South Amboy Luxury Apartments
John Taylor and Donna Falzarano of M&T Realty Capital Corporation recently placed a $78,000,000 permanent loan secured by Station Bay Apartments, a newly built, 291-unit luxury waterfront multifamily property located in South Amboy and developed by BNE Real Estate Group of Livingston, NJ. Shawn Field of M&T Bank provided the construction loan on behalf of BNE.
The financing was placed with a long-term life company relationship that offered a significant interest-only period at a very attractive fixed interest rate. M&T Realty Capital began marketing the opportunity very early in the leasing process and identified a life company lender that could offer competitive terms with flexibility around occupancy requirements at closing.
“BNE is a valued long-term relationship of M&T Bank and M&T Realty Capital,” said Taylor. “We’re honored and grateful to bring such an outstanding opportunity to the market on behalf of BNE.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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