M&T Realty Capital Corporation®
has closed a $94,750,000 Fannie Mae loan for the refinance of a 572-unit apartment complex located in Philadelphia, PA.
At 53% LTV, the 10-year, 4.04% fixed-rate loan is structured with full-term interest-only payments.
The transaction was led by Managing Director Carole Stafford of M&T Realty Capital Corporation’s Baltimore office, in collaboration with Senior Relationship Manager Michael DiSanto of M&T Bank’s Philadelphia office and Senior Relationship Manager Kevin Brombacher of M&T Bank’s Jamestown, 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.