M&T Realty Capital Corporation has closed a $5,000,000 Freddie Mac loan for the refinance of a 53-unit cooperative located in Brooklyn, NY.
The 10-year, 3.87% fixed-rate loan is structured with a 30-year amortization.
The transaction was led by Managing Director Michael Edelman
of M&T Realty Capital Corporation’s New York City office. Mr. Edelman also serves as the Agency Program Manager for the company.
M&T Realty Capital Corporation is a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans, and is authorized to originate and service conventional 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, 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.