M&T Realty Capital Corporation®
has closed a $6,000,000 Freddie Mac loan for the refinance of a 24-unit high-rise cooperative located in New York, NY. The property is self-managed.
At 18% LTV, the 10-year, 4.02% fixed-rate loan is structured with full term interest-only.
The transaction was led by Managing Director Michael Chavkin of M&T Realty Capital Corporation’s New York office in collaboration with M&T Bank Relationship Manager Joseph Berte.
M&T Realty Capital Corporation is a Freddie Mac Multifamily Approved Seller/Servicer for Conventional 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.