
M&T Realty Capital Refis Southeast DC MF for $11M
M&T Realty Capital has provided $10.5 million for a multifamily property in Southeast Washington, D.C. The address of the property was not disclosed.
The property, featuring 111 units, underwent renovations between 2017 and 2018 and is situated on over two acres of land. The 10-year loan terms include 24 months of interest-only payments, a 5.67% interest rate, a 30-year amortization period, and a 68% loan-to-value ratio.
Jared Cassidy at Marcus & Millichap led the financing arrangement.