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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.