BALTIMORE — M&T Bank (NYSE: MTB) has named Michael Berman president and CEO of M&T Realty Capital Corp., the company’s wholly owned nationwide commercial mortgage banking subsidiary. Berman is responsible for managing the operations of M&T Realty Capital Corp., which is a direct multifamily and seniors housing lender for Fannie Mae, Freddie Mac and HUD. The company also provides life insurance company and CMBS loans for other commercial real estate property types through correspondent relationships, as well as a nationwide bridge lending program for multifamily, seniors housing, and healthcare facilities. …
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WICHITA, Kan. — M&T Realty Capital Corp. has closed a $16.1 million Freddie Mac loan to refinance a 118-unit seniors housing property in Wichita. The 15-year, fixed-rate loan is structured with a 30-year amortization. Matthew Pipitone of M&T Realty Capital Corp.’s Baltimore office led the transaction in collaboration with Jon Leister of M&T Bank’s Syracuse office.
KANSAS CITY, Mo. — M&T Realty Capital Corp. has provided a $19.2 million Freddie Mac loan for a 115-unit seniors housing community in Kansas City. The transaction refinances existing debt on the community. The 15-year, fixed-rate loan is structured with a 30-year amortization. Matthew Pipitone of M&T Realty Capital Corp.’s Baltimore office led the transaction in collaboration with Jon Leister of M&T Bank’s Syracuse office.
CITRUS HEIGHTS, Calif. — M&T Realty Capital Corp. has provided a $7.4 million bridge loan to refinance of a 48-unit memory care facility in Citrus Heights, approximately 15 miles northeast of Sacramento. The three-year, floating-rate loan is structured with interest-only payments for the entire term. Steven Muth of M&T Realty Capital Corp’.s Richmond, Va., office led the transaction.
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