M&T Realty Capital Corporation®
has closed three loans totaling $118,485,000 Fannie Mae loan for the refinance of a 1,016-unit multifamily portfolio located in Illinois.
The 10-year, fixed-rate loans are structured with full term interest-only, followed by 30 years of amortization. Two of the loans have a rate of 2.63% and one loan 2.77% due to leverage.
The transaction was led by Senior Managing Directors Sandy DeFelice of M&T Realty Capital Corporation’s Baltimore, MD 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.