M&T Realty Capital Corporation, MTRCC, Closes $1.3 Billion in Affordable Housing loans
Affordable Housing Finance released their Top 25 Affordable Housing Lenders List for 2020 with M&T Realty Capital’s first ever ranking at #17, reflecting $1.3 Billion in closed loans during this period. Additionally, MTRCC made $170 Million in Low Income Housing Tax Credit Investments in 2020.
M&T Realty Capital Corporation began an affordable housing initiative in the 2nd quarter of 2020, with the purpose of bringing their balance sheet, LIHTC Equity and agency/FHA platform together. Having the ability to provide numerous forms of capital such as construction loans, bridge loans, pre-development loans, lines of credit, letters of credit, LIHTC Equity, and all of the affordable loan products that Fannie Mae, Freddie Mac, and FHA offers will allow M&T to be more meaningful in the space.
As demonstrated by the 30% year over year increase in lending from $41 Billion in 2019 to $53.6 Billion in 2020, the affordable housing industry continues to grow at a tremendous pace. MTRCC expects to be a large part of this growth in the future.
Thank you to our valued customers and business partners who made this achievement possible! We appreciate your business. The climb begins!