M&T Realty Capital Corporation®
has closed a $13,343,000 Freddie Mac Green Advantage loan for the refinance of a 156-unit multifamily property located in Waterbury, CT. Freddie Mac’s Green Advantage program is designed for borrowers who commit to making improvements to enhance the property’s energy and water usage.
At 75% LTV, the 7-year, 4.00% floating-rate loan is structured with two years of interest-only payments, followed by a 30-year amortization.
The transaction was led by Managing Directors Robert Kaplan and Carole Stafford of M&T Realty Capital Corporation’s Baltimore office. Mr. Kaplan also serves as the Assistant National Production Manager for the company.
M&T Realty Capital Corporation is a Freddie Mac Multifamily Approved Seller/Servicer 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 program
, M&T Realty Capital Corporation originates and services loans for apartment properties, including market-rate properties, seniors housing, 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.