M&T Realty Capital Corporation®
has closed a $25,000,000 Fannie Mae loan for the refinance of a 320-unit townhome community located in Clay, NY.
The 15-year fixed-rate loan is structured with four years of interest-only payments, followed by a 30-year amortization.
The transaction was led by Managing Director Michael Edelman of M&T Realty Capital Corporation’s New York office, in collaboration with Commercial Senior Relationship Manager Joseph Tumonis of M&T Bank’s Albany, NY office. Mr. Edelman also serves as the Agency Program Manager for the company.
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.