BALTIMORE, MD - M&T Realty Capital Corporation® provided a $21,590,000 bridge loan for NB Affordable’s acquisition of a 337-unit affordable housing property located in Athens, OH. The firm purchased the asset for $24,500,000. At 85% LTC, the 2-year, adjustable-rate loan bridge loan is interest only.
The property, Campus Heights Apartments, is located conveniently near Ohio University and features a brand-new clubhouse, an Amazon Hub, and a pet-friendly environment. Campus.