Dealmaker: M&T Realty Capital Corp. Provides $20M for Multifamily

M&T Realty Capital Corp., Baltimore, provided $20 million in acquisition financing for multifamily properties in Virginia and Missouri.

M&T Realty Capital Corp. Managing Directors Matthew Hodson and Debra Goldstein originated both loans.

The firm closed a $16.05 million Freddie Mac Optigo Green Up loan that allowed Walde Enterprises to acquire Berkeley & Warwick Place, a 265-unit rental townhome community in Richmond, Va. The property is near Chippenham Parkway and Interstate 95, offering access to local employers and to downtown Richmond.

The 10-year loan included three years of interest-only payments followed by a 30-year amortization schedule.

“Freddie Mac’s Green Up program offers multiple benefits to owners who are interested in reducing the energy and water consumption at their properties,” Hodson said. “The improvements Walde Enterprises plans to make to Berkeley & Warwick Place will help their tenants save money on both energy and water usage, while bringing the property in line with modern sustainability standards.”

M&T Realty Capital Corp. also closed a $3.97 million Fannie Mae Green Rewards loan for Prosperity CRE, which acquired Colony Court Apartments, an 80-unit garden-style apartment community in Kansas City, Mo.

Prosperity CRE Founding Partner and Principal Mark Rios said the firm will rebrand the community as Hidden Hills Apartments after it repositions the community with more features and amenities.

The 10-year loan included four years of interest-only payments followed by a 30-year amortization schedule.