M&T Realty Capital Corporation has closed a $2,300,000 Fannie Mae loan for the refinance of a 59-unit affordable housing complex located in Redwood City, CA.
At 10% LTV, the 10-year fixed-rate loan is structured with a 30-year amortization.
The transaction was led by Managing Director Dan Lynch
of M&T Realty Capital Corporation’s Baltimore office.
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.