M&T Realty Capital Corporation®
has closed a fifteen-year $96,302,000 Fannie Mae credit facility for the refinance of a 1,605-unit portfolio of manufactured housing communities located in the Mid-Atlantic.
The 10-year, floating-rate initial advance is structured with five years of interest-only payments, followed by a 30-year amortization.
The transaction was led by Managing Director Carole Stafford of M&T Realty Capital Corporation’s Baltimore office, in collaboration with Senior Commercial Real Estate Relationship Manager Jeffrey Prather of M&T Bank’s Washington, DC office.
M&T Realty Capital Corporation has been a Fannie Mae-approved Delegated Underwriting and Servicing (DUS®) lender since 1989. As a Fannie Mae DUS® lender
, M&T Realty Capital Corporation originates and services loans for apartment properties, including seniors housing, student housing, manufactured housing communities, cooperatives, and affordable housing.
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.