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.