M&T Realty Capital Corporation®
has closed a $44,490,000 Fannie Mae Near-Stabilization loan for the permanent financing of a 237-unit mid-rise apartment complex located in Woodinville, WA. M&T Bank provided the prior construction financing on the project.
The 12-year, 4.29% fixed-rate loan is structured with a 30-year amortization, and is part of a Credit Facility.
The transaction was led by Managing Director Joe DeCarlo of M&T Realty Capital Corporation’s Portland office, in collaboration with Commercial Banking Team Leader Sean Sunderland of M&T Bank’s Seattle 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.