M&T Realty Capital Corporation (M&T RCC), a company under M&T Bank specializing in providing competitive financing nationwide for multifamily properties, commercial income properties, and healthcare facilities, celebrates record production volume for its Seniors Housing Team in 2023, ranking #1 Fannie Mae DUS Producer for Seniors Housing and the #2 Freddie Mac Seniors Housing Lender for 2023.*
The Seniors Housing Team financed 32 properties across 11 states, totaling $575MM in closed loans last year. Using Fannie Mae, Freddie Mac, FHA, and bridge lending sources, the group financed everything across the continuum from standalone independent living to skilled nursing facilities, ranging in size from 15 units to a 371-unit community.
The group’s unique financing approach was highlighted by a notable transaction – a 371-unit seniors housing and healthcare facility in Lakewood, CO, with a total of $105 million in Freddie Mac financing, which provided the borrower with a long-term fixed-rate loan, replacing a floating-rate construction loan. The deal was said to prove M&T RCC’s ability to secure a refinance with terms that allowed the borrower to achieve their goals during a very challenging lending period.
M&T RCC’s Seniors Housing Team, composed of Matthew Pipitone, Nick Henning, Nick Gent, and Courtney Blusiewicz, possesses over 40 years of seniors housing lending experience. The team has worked together for more than eight years and leverages a collaborative approach, attention to detail, and deep analysis of each deal, which they believe to be the key to their success. “We are very optimistic about 2024 and have already hit the ground running. I am pleased with our 2023 performance and with the market moving in a positive direction, we are predicting another strong year,” said Pipitone.
M&T RCC is the only lender in the top five for both Fannie Mae and Freddie Mac Seniors Housing lending in 2023. Additionally, they worked very closely with the M&T Bank Healthcare Team to provide additional solutions for M&T Bank clients.
About M&T Realty Capital Corporation
M&T Realty Capital Corporation, a wholly-owned subsidiary of M&T Bank, specializes in providing competitive financing nationwide for multifamily properties, commercial income properties, and healthcare facilities. M&T RCC is a fully accredited Fannie Mae DUS® lender, a Freddie Mac Optigo® lender, and an approved FHA/HUD MAP and LEAN lender, offering life insurance company and CMBS financing through correspondent relationships.*
The following link is provided by third-party users, other than M&T Bank and M&T Realty Capital Corporation:
Freddie Mac News: https://mf.freddiemac.com/ceros/customer-appreciation
Media Contacts:
M&T Realty Capital Corporation
Imani Green
267-201-5647
M&T Bank Corporation
Frank Lentini
SOURCE M&T Bank(icon)
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