M&T Realty Capital Corporation®
has closed a $26,500,000 Fannie Mae loan for the refinance of a 106-unit multifamily property located in Brooklyn, NY.
The 10-year,2.51% fixed-rate loan is structured with full term interest-only, followed by 30 years of amortization.
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 Banking Team Leader Douglas Tilley of M&T Bank’s New York City office.
M&T Realty Capital Corporation has been a Fannie Mae-approved Delegated Underwriting and Servicing (DUS®) lender since 1989. In 2019, we were ranked as a Top Five Fannie Mae DUS Producer for Seniors Housing and for Green Loans.*
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.