NIAGARA FALLS, NY - M&T Realty Capital Corporation has closed a $4,150,000 Fannie Mae loan for the refinance of a 93-unit multifamily property located in Niagara Falls, NY. The 7-year loan offered a low 4% rate and included 3-yrs of interest-only payments followed by 30-years of amortization.
The transaction was led by Senior Vice President Zach Casale of M&T Realty Capital Corporation’s Buffalo, NY office. “This transaction met Fannie Mae’s mission of providing...