M&T Realty Capital Provides $43M Financing for 128-Unit Community in Florida

TALLAHASSEE, Fla. — M&T Realty Capital Corp. has closed a $43 million Fannie Mae Near-Stabilization loan to refinance a 128-unit seniors housing property in Tallahassee.

The 10-year loan features a fixed rate of 3.63 percent, five years of interest-only payments and a 30-year amortization. The name of the borrower and property were not released.

Matthew Pipitone of M&T Realty Capital’s Baltimore office, in collaboration with Jonathan Leister of M&T Bank’s Syracuse, N.Y., office led the transaction.