M&T Realty Capital Corporation®
has closed a $28,500,000 Fannie Mae loan for the acquisition of a 336-unit garden apartment complex located in Columbus, OH.
The 12-year, 4.45% fixed-rate loan is structured with seven years of interest-only payments, followed by a 30-year amortization.
The transaction was led by Managing Directors John Taylor and Michael Edelman of M&T Realty Capital Corporation’s Florham Park, NJ, and New York offices, respectively, in collaboration with M&T Bank Senior Relationship Manager Sam Higgins. Mr. Edelman also serves as the Agency Program Manager for M&T Realty Capital Corporation.
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.