M&T Realty Capital Corporation®
has closed a $11,986,000 Fannie Mae loan for the refinance of a 286-unit manufactured housing property located in Farmington, NY.
The 10-year, 2.8% adjustable-rate loan is structured and followed by 30-years of amortization.
The transaction was led by Managing Director Carole Stafford of M&T Realty Capital Corporation’s Baltimore, MD office, in collaboration with Senior Commercial Relationship Manager Jeff Prather of M&T Bank’s Washington, DC 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.