M&T Realty Capital Corporation® has closed a $9,200,000 Fannie Mae loan for the acquisition of a 115-unit multifamily portfolio located in Los Angeles, CA.
The 10-year, 3.4% fixed-rate loan is structured with 4-years of interest-only payments.
The transaction was led by Agency Program Manager Michael Edelman of M&T Realty Capital Corporation’s New York City office, in collaboration with Commercial Senior Relationship Manager Jacob Nimmer of M&T Bank’s New York, NY office.
M&T Realty Capital Corporation has been a Fannie Mae-approved Delegated Underwriting and Servicing (DUS®) lender since 1989. In 2019, we were ranked as a Top Five Fannie Mae DUS Producer for Seniors Housing and for Green Loans.*
As a Fannie Mae DUS® lender, M&T Realty Capital Corporation originates and services loans for apartment properties, including seniors housing, student housing, manufactured housing communities, cooperatives, and affordable housing.
For specific loan information on this program, please call us at 1-800-737-2344 or request a loan quote.