M&T Realty Capital Corporation® announced today that the company has entered into a risk-transfer joint venture with Holliday Fenoglio Fowler, L.P. (HFF), whereby M&T Realty Capital Corporation will fund loans sourced by HFF for multifamily properties in the United States through M&T Realty Capital Corporation’s Fannie Mae DUS® loan platform. To facilitate the joint venture, HFF has purchased a preferred stock interest in M&T Realty Capital Corporation.
M&T Realty Capital Corporation and HFF established a correspondent relationship in 2009. Over the past nine years, HFF has become M&T Realty Capital Corporation’s largest correspondent relationship by loan volume.
This risk-transfer joint venture is expected to further align the interests of and to enhance the synergies among HFF, M&T Realty Capital Corporation, and their respective clients. M&T Realty Capital Corporation’s credit team will work directly with HFF’s loan originators to make the process more efficient, transparent and competitive for clients.
“HFF has a stellar reputation in the commercial real estate industry, and we are proud to have them as our JV partners,” says Tari Flannery, President of M&T Realty Capital Corporation.
“HFF is firmly committed to this relationship,” said Jody Thornton, President and Executive Managing Director of HFF. “M&T Realty Capital Corporation’s credit team has helped us to deliver excellent executions to our multifamily clients time and time again through the Fannie Mae DUS execution. We are excited about the future of this joint venture.”
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com
About M&T Realty Capital Corporation
M&T Realty Capital Corporation®
) is a full-service mortgage banking company that specializes in providing competitive financing nationwide for commercial real estate. As a subsidiary of M&T Bank, we have direct access to commercial mortgage capital markets, and are a fully accredited Fannie Mae DUS Multifamily and Seniors Housing lender, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional and Seniors Housing Loans, and an approved FHA/HUD MAP and LEAN lender. In 2017, we originated $3.2 billion in loans and debt placements, and currently service a portfolio of $17 billion.
About M&T Bank
Founded in Buffalo, N.Y., in 1856, M&T Bank’s parent, M&T Bank Corporation (www.mtb.com
) is one of the 20 largest U.S. bank holding companies, with more than 760 branch offices and 1,600 ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, DC.
Equal Housing Lender. © 2018 M&T Bank, Member FDIC. “DUS®” is a registered trademark of Fannie Mae.