Ranks #1 Fannie Mae DUS Producer for Seniors
Housing and the
#2 Freddie Mac Seniors Housing
Lender for 2023
BALTIMORE, Feb. 12,
2024 /PRNewswire/ -- M&T Realty Capital
Corporation (M&T RCC), a wholly-owned subsidiary of M&T
Bank specializing in providing competitive financing nationwide for
multifamily properties, commercial income properties, healthcare
facilities, and other property types, announces record 2023
production volume for the Seniors Housing Team. The group is ranked
the #1 Fannie Mae DUS Producer for Seniors Housing and the #2
Freddie Mac Seniors Housing Lender for 2023.*
Last year, the Seniors Housing Team financed 32 properties, in
11 states, totaling $575MM in closed loans. Leveraging Fannie Mae,
Freddie Mac, FHA, and bridge as 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 market in 2023 was unique and nearly every
deal was a challenge," said Matthew
Pipitone, Seniors Housing Platform Manager. "Thankfully we
were able to navigate those difficulties and meet the needs of our
clients."
One of the more notable transactions of the year was a 371-unit
seniors housing and healthcare facility in Lakewood, CO totaling $105 million in Freddie Mac financing. The
refinance provided the Borrower with a long-term fixed-rate loan,
replacing a floating-rate construction loan. "It is a real
testament to both the Sponsors and M&T RCC that we were able to
secure a refinance with terms that allowed the Borrower to achieve
their goals during a very challenging lending period," said
Matthew Henning, Senior Vice
President, who led the transaction.
The M&T RCC Seniors Housing Team is comprised of
Matthew Pipitone, Nick Henning, Nick
Gent, and Courtney Blusiewicz
who combined have over 40 years of seniors housing lending
experience. The group has worked together for over eight years and
believes their collaborative approach, attention to detail, and
deep analysis of each deal is the key to 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® (www.mtrcc.com) is a
wholly-owned subsidiary of M&T Bank (NYSE: MTB) – the principal
banking subsidiary of the M&T Bank Corporation, one of the top
15 U.S.-based commercial bank holding companies. M&T Realty
Capital Corporation 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, an approved FHA/HUD MAP and LEAN lender,
and offers life insurance company and CMBS financing through
correspondent relationships.
* Fannie Mae Multifamily Closes 2023 With More than $52 Billion in Volume:
https://www.fanniemae.com/newsroom/fannie-mae-news/fannie-mae-multifamily-closes-2023-more-52-billion-volume?utm_source=sfmc&utm_medium=email&utm_campaign=10972298&utm_term=5121337&utm_content=43040687&sfmc_id=2067864986
Freddie Mac Top Lenders by Business:
https://mf.freddiemac.com/ceros/customer-appreciation
Equal Housing Lender. ©2024 M&T
Realty Capital Corporation. Member FDIC. NMLS #1024366.
M&T Realty Capital Corporation is a wholly-owned subsidiary of
M&T Bank. Member FDIC.
"DUS®" is a registered trademark of Fannie Mae.
"Optigo®" is a registered trademark of Freddie
Mac.
Media Contacts:
M&T Realty Capital Corporation
Imani Green
267-201-5647
igreen@mtb.com
M&T Bank Corporation
Frank Lentini
flentini@mtb.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mt-realty-capital-corporation-announces-record-year-of-senior-housing-lending-activity-in-2023-302059698.html
SOURCE M&T Bank