BALTIMORE, MD - M&T Realty Capital Corporation provided a $25,000,000 bridge loan for the refinance of a 216-unit affordable multifamily property located in Opa-Locka, FL. At 70% LTV, the 3-year, fixed-rate loan is structured and followed by 30-years of amortization.
This property was officially renamed Mary Alice Brown Apartments, after a woman who has lived in the area for more than 70 years. The “Matriarch” has long advocated for her community and better housing for all. .