M&T RCC Closes $415M Freddie Mac Loan for BK MF Complex 

M&T Realty Capital Corporation has closed a $414.83 million Freddie Mac conventional loan for Brooklyn Crossing, a multifamily housing complex featuring 858 units in Brooklyn. Situated adjacent to Prospect Park, Brooklyn Crossing offers studio, one-, two-, and three-bedroom residences for rent, alongside a plethora of amenities such as a screening room, fitness center, rooftop terrace and lounge, and outdoor pool.  

The transaction was led by Robert Barry and Andrea Wagonseller at M&T Bank. “M&T Realty Capital is excited to once again place financing for The Brodsky Organization and Greenland – best-in-class developers, owners and operators,” said Michael Edelman, M&T Realty Capital Corporation CEO. “With its unparalleled amenities and convenient access to multiple subway lines, Brooklyn Crossing has transformed the Prospect Heights neighborhood. Freddie Mac provided a very attractive 10-year, fixed-rate refinance commensurate with the significant number of affordable housing units this project supplied Brooklyn.” 

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