![MBA Newslink Logo](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/mba-newslinks-child-page-logo.png)
Dealmaker: M&T Realty Capital Provides $201M For Multifamily
M&T Realty Capital Corp., Baltimore, provided $201.4 million in financing for multifamily properties in California, Washington, New York and Oregon.
The firm closed a Fannie Mae credit facility totaling $135.7 to refinance an 1,100-unit portfolio with properties in Sacramento, Calif. and Kent, Wash. Managing Director Dan Lynch of M&T Realty Capital’s Baltimore office led the transaction.
The 10-year, 4.32 percent fixed-rate credit facility included full-term interest-only payments.
In Menands, N.Y., the firm closed a $29.1 million Freddie Mac construction loan to convert a former office and loft warehouse into 145 market-rate apartment units. At 76 percent loan to value, the seven-year, 3.79 percent floating-rate loan included two years of interest-only payments followed by a 30-year amortization.
The transaction was led by Managing Directors Robert Kaplan and Carole Stafford of M&T Realty Capital’s Baltimore office in collaboration with Associate Relationship Manager Kevin Healy of M&T Bank’s Albany, N.Y. office.
Elsewhere in New York, M&T Realty Capital closed a $26.6 million Fannie Mae loan that refinanced a 106-unit mid-rise apartment complex in Haverstraw. Managing Directors John Taylor and Matthew Hodson and M&T Bank Commercial Banking Team Leader Chris Tesla collaborated on the transaction.
The 10-year, 4.77 percent fixed-rate loan included five years of interest-only payments.
M&T Realty Capital also closed a $12 million Fannie Mae permanent loan on a recently constructed 76-unit mid-rise apartment complex located in Portland, Ore. M&T Bank provided the prior construction financing that was taken out.
At 65 percent loan to value, the 12-year fixed-rate loan priced at 4.68 percent.
The transaction was led by Managing Director Joe DeCarlo of M&T Realty Capital’s Portland office and M&T Bank Commercial Real Estate Relationship Manager John Maher.