M&T Realty Capital Corporation®
has announced today that it has closed a $35,000,000 Freddie Mac Optigo® conventional loan for the refinancing of The Platform Sono, a 122-unit apartment complex in Norwalk, CT.
The Platform Sono Station offers studios, one-, two-, and three-bedroom units for rent. Each unit features an open floor plan, oversized windows, modern appliances, in-unit washer and dryer, quartz countertops, tiled bathrooms, and stainless appliances. Property amenities include a fitness center, cardio equipment, peloton, yoga/interactive studio, basketball court, coworking spaces, private offices and meeting rooms, on-site café, media room, billiards, courtyard with water feature and firepit, outdoor kitchen with grills, attached garage parking, enclosed bike storage, roof deck with water views, controlled access, and pets encouraged. The property is located across the street from the South Norwalk Train Station.
The 10-year fixed-rate loan is structured with four years of interest-only, followed by a 30-year amortization. The transaction was led by Managing Director Dan Kerner of M&T Realty Capital Corporation’s Boston, MA office, in collaboration with Commercial Senior Relationship Manager Chris Brighindi who placed the construction loan on the property for M&T.
M&T Realty Capital Corporation is a Freddie Mac OptigoSM
Lender for Conventional and Seniors Housing Loans, and is authorized to originate multifamily loans to be sold to Freddie Mac and service multifamily loans on behalf of Freddie Mac.
Under the Freddie Mac OptigoSM program
, M&T Realty Capital Corporation originates and services loans for apartment properties, including market-rate properties, seniors housing, assisted living, student housing, cooperatives, and certain affordable housing projects.
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.