M&T Realty Capital Corporation has closed a $3,900,000 Fannie Mae loan for the permanent financing of a 56-unit, recently constructed phase of a multifamily property located in Hamburg, NY. M&T Bank provided the prior construction financing on the project.
The 5-year, fixed-rate loan is structured with a 25-year amortization.
The transaction was led by Managing Director Edward “Ted” Yaeger of M&T Realty Capital Corporation’s Rochester, NY office, in collaboration with M&T Bank Senior Relationship Manager Michael Murak.
M&T Realty Capital Corporation has been a Fannie Mae-approved Delegated Underwriting and Servicing (DUS®) lender since 1989. Under the Fannie Mae DUS® program
, M&T Realty Capital Corporation originates and services loans for apartment properties, including student housing, manufactured housing, 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.