News & Transactions

2019: Another Year as a Top Ten HUD Lender!
10/30/2019

M&T Realty Capital Corporation Closes $250 Million in 232 Loans During HUD’s FY2019*
 

As shown in a recent Seniors Housing Business article, M&T Realty Capital Corporation was ranked #6 in U.S. Department of Housing and Urban Development (HUD) 232 production for HUD’s FY2019, with $250 million in closed loans during this time period.

HUD’s 232 volume closed in FY2019 totaled $3.7 billion. The 232 program has insured over 4,000 loans totaling $37.6 billion since 2010.

Paula Quigley, FHA/HUD program manager for M&T Realty Capital Corp., had this to say about the program: “HUD’s 232 program is one of the top capital sources for skilled nursing facilities, and has proven to be a great solution for assisted living facilities as well. Our product offerings have expanded in recent years to include a bridge-to-HUD solution, which can be particularly useful for residential care facility (RCF) acquisition and repositioning.”

Thank you to our valued customers and business partners who made this achievement possible! We appreciate your business.

 
*HUD’s fiscal year 2019 ran from October 1, 2018 through September 30, 2019.
 
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 Equal Housing Lender. © 2019 M&T Realty Capital Corporation. Member FDIC. NMLS #1024366.

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