M&T Realty Capital Corporation®
has closed a $9,150,000 Fannie Mae loan for the choice refinance of a 253-unit co-op property located in Edison, NJ.
The 15-year, 3.44% fixed-rate loan is structured and followed by 15 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 Deposit Specialist Michael Clark 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.
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.