M&T Realty Capital Corporation®
provided a $26,400,000 bridge loan for the acquisition of an 811-unit, age-restricted (55+) independent living property located in Indianapolis, IN.
At 80% LTV, the 2-year, 4.70% fixed-rate loan is structured with full-term interest-only.
The transaction was led by Managing Director John Taylor of M&T Realty Capital Corporation’s Florham Park, NJ office.
M&T Realty Capital Corporation is a full-service mortgage banking company that specializes in providing competitive financing nationwide for commercial real estate, including multifamily, healthcare facilities, office, industrial, retail, and student, senior, and military housing. For more information on financing opportunities, 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.