M&T Provides $36M in Financing for Three Seniors Housing Communities

FARMINGTON, Conn., CHELSEA, Mass. and OREGON — The M&T Realty Capital Corp. (MTRCC) Seniors Housing Team has provided three financing transactions for seniors housing communities totaling $36 million.

In the first transaction, M&T provided a $7.1 million FHA-insured loan for the refinance of a 73-unit assisted living facility located in Farmington. The loan was completed under the 232/223(a)(7) program.

In the second transaction, M&T provided a $11.4 million bridge-to-HUD loan for the acquisition of a 95-unit assisted living and memory care community located in Southern Oregon.

In the final transaction, M&T provided a $17.6 million FHA-insured loan for the refinance of a 120-unit skilled nursing facility located in Chelsea. The loan was completed under the 232/223(f) program.