News & Transactions

M&T Realty Capital Corporation Arranges $3 Million in Acquisition Financing for Multifamily Property in New York State
3/25/2019
M&T Realty Capital Corporation has arranged a $3,064,000 loan under Freddie Mac’s OptigoSM Small Balance Loans (SBL) program for the acquisition of a 74-unit garden apartment complex located in Gates, NY.

At 80% LTV, the 7-year fixed-rate loan is structured with a 30-year amortization, and was placed with Sabal Financial Group, L.P., a Freddie Mac-approved SBL lender.

The transaction was led by Managing Director John Sigeti of M&T Realty Capital Corporation’s Buffalo office.

Through our partners, M&T Realty Capital Corporation’s Small Loan program offers borrowers the ability to acquire or refinance existing, stabilized multifamily properties of 5 or more units with loans between $1 million and $7.5 million. 

For specific loan information on this program, 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.

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