M&T Realty Capital Corporation®
has closedthree Freddie Mac Optigo® loans totaling $29,775,000 for the refinance of a 160-unit multifamily portfolio located in New York, NY.
At 75% LTV, the 10-year, fixed-rate loans are structured with four-years of interest-only payments, followed by 30-year amortizations.
The transaction was led by Agency Program Manager Michael Edelman of M&T Realty Capital Corporation’s New York City office, in collaboration with Commercial Relationship Manager Brianna Larson of M&T Bank’s New York City office.
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.