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BALTIMORE — M&T Realty Capital Corporation, a Baltimore-based lender, has closed a Fannie Mae credit facility totaling $79.7 million for the acquisition of a four-property, multi-state seniors housing portfolio.
The 10-year, fixed-rate loan was structured with three years of interest-only payments, followed by a 30-year amortization. Details on the borrower and properties were not released.
Matthew Pipitone and Steven Muth of M&T Realty Capital Corporation’s Baltimore and Richmond offices, respectively, led the transaction.