M&T Realty Capital Corporation®
has closed eleven Fannie Mae loans totaling $92,390,000 for the refinance of a 2,391-unit manufactured housing community portfolio located in upstate New York.
The 10-year floating-rate loans are structured with five years of interest-only payments, followed by 30-year amortizations.
The transaction was led by Managing Director Carole Stafford of M&T Realty Capital Corporation’s Baltimore office, in collaboration with Senior CRE Relationship Manager Jeff Prather of M&T Bank’s Washington, DC office.
M&T Realty Capital Corporation has been a Fannie Mae-approved Delegated Underwriting and Servicing (DUS®) lender since 1989. As a Fannie Mae DUS® lender, M&T Realty Capital Corporation originates and services loans for apartment properties, including seniors housing, student housing, manufactured housing communities, cooperatives, and affordable housing.
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.