M&T Realty Capital Corporation has closed a $7,000,000 Freddie Mac loan for the permanent financing of a recently constructed 77-bed assisted living and Alzheimer’s care community located in Ellicott City, MD.
The 10-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 Directors Robert Kaplan and Matthew Pipitone of M&T Realty Capital Corporation’s Baltimore office. Mr. Kaplan also serves as the Assistant National Production Manager for M&T Realty Capital Corporation.
M&T Realty Capital Corporation is a Freddie Mac Multifamily Approved Seller/Servicer for Conventional and Seniors Housing Loans, and is authorized to originate and service conventional multifamily loans on behalf of Freddie Mac.
Under the
Freddie Mac program, M&T Realty Capital Corporation originates and services loans for apartment properties, including market-rate properties, student housing, cooperatives, and certain affordable housing projects.
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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M&T Realty Capital Corporation. Member FDIC. All rights reserved.