News & Transactions

M&T Realty Capital Corporation Provides $10.4 Million in Acquisition Financing for Multifamily Property in California
2/7/2020
M&T Realty Capital Corporation® has closed a  closed a $10,395,000 Freddie Mac OptigoSM Conventional Loan for the acquisition of an 84-unit multifamily property located in Yucaipa, CA.
 
At 70% LTV, the 7-year, floating-rate loan is structured with one year of interest-only payments, followed by a 30-year amortization.

The transaction was led by Managing Director Michael Edelman of M&T Realty Capital Corporation’s New York City office, in collaboration with M&T Bank Commercial Senior Relationship Manager Jacob Nimmer. Mr. Edelman also serves as the Agency Program Manager for M&T Realty Capital Corporation.

M&T Realty Capital Corporation is a Freddie Mac OptigoSM Lender for Conventional and Seniors Housing Loans, and is authorized to originate multifamily loans to be sold to Freddie Mac and service multifamily loans on behalf of Freddie Mac.

Under the Freddie Mac OptigoSM program, M&T Realty Capital Corporation originates and services loans for apartment properties, including market-rate properties, seniors housing, assisted living, 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.

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