Dealmaker: M&T Realty Capital Corp. Provides $19M for Affordable Housing Property in the Bronx

(The Louella, courtesy of M&T Realty Capital Corp.)

M&T Realty Capital Corp., Baltimore, closed an $18.75 million Freddie Mac Forward Commitment 9% LIHTC loan for an age-restricted multifamily housing property located in the Bronx, N.Y.

The client was The Community Builders.

The transaction was led by Sean Cullen, Senior Vice President in M&T Realty Capital Corp.’s New York City office.

The property, called The Louella, is in the Fordham Heights neighborhood. It will be offering exclusively affordable units, with studio, one- and two-bedroom units, and a number of amenities.