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.”
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.
Equal Housing Lender. © 2019 M&T Realty Capital Corporation. Member FDIC. NMLS #1024366.