M&T Realty Capital Corporation®
has closed a $7,425,000 Fannie Mae loan for the refinance of a 116-unit multifamily property located in Horseheads, NY.
The 7-year, 3.04% fixed-rate loan is structured and followed by 30-years of amortization.
The transaction was led by Managing Director Ted Yaeger of M&T Realty Capital Corporation’s Rochester, NY office, in collaboration with Commercial Senior Relationship Manager Tim DeGrave of M&T Bank’s Rochester, NY 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.