M&T Realty Capital Corporation has closed a $25,000,000 Fannie Mae Near-Stabilization loan for a 159-unit garden apartment complex located in Vero Beach, FL.
The 10-year, 4.45% fixed-rate loan is structured with 30 months of interest-only payments, followed by a 30-year amortization.
The transaction was led by Managing Director David Eisemann of M&T Realty Capital Corporation’s Baltimore office, in collaboration with M&T Bank Relationship Manager Rachel Lindeman.
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 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.