M&T Realty Capital Corporation®
has closed a Fannie Mae credit facility totaling $79,671,000 in initial funding for the acquisition of a 4-property, multi-state seniors housing portfolio.
The 10-year, fixed-rate loan was structured with three years of interest-only payments, followed by a 30-year amortization. The credit facility will provide the borrower an efficient solution to grow its portfolio while maintaining flexibility to manage interest rates, supplemental loans and strategic dispositions.
The transaction was led by Managing Directors Matthew Pipitone and Steven Muth of M&T Realty Capital Corporation’s Baltimore and Richmond offices, respectively.
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.