M&T Has Record Year of Seniors Housing Lending Activity in 2023

by Jeff Shaw

BALTIMORE — M&T Realty Capital Corp., a wholly owned subsidiary of M&T Bank specializing in providing financing nationwide for commercial real estate, had record 2023 production volume for its seniors housing team. The group is ranked as the No. 1 Fannie Mae DUS producer for seniors housing and the No. 2 Freddie Mac seniors housing lender for 2023.

Last year, the seniors housing team financed 32 properties in 11 states totaling $575 million in closed loans. Leveraging Fannie Mae, Freddie Mac, FHA and bridge lending as sources, the group financed everything across the continuum of care from standalone independent living to skilled nursing facilities, ranging in size from 15 units to a 371-unit community.

“The market in 2023 was unique and nearly every deal was a challenge,” says Matthew Pipitone, seniors housing platform manager. “Thankfully we were able to navigate those difficulties and meet the needs of our clients.”

One of M&T’s largest transactions of the year was a 371-unit seniors housing and healthcare facility in Lakewood, Colorado. M&T provided $105 million in Freddie Mac financing. The refinance provided the borrower with a long-term, fixed-rate loan, replacing a floating-rate construction loan.

The M&T seniors housing team comprises Matthew Pipitone, Matthew Henning, Nick Gent and Courtney Blusiewicz.

M&T is the only lender in the top five for both Fannie Mae and Freddie Mac seniors housing lending in 2023.

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