BALTIMORE — M&T Realty Capital Corp., a Baltimore-based subsidiary of M&T Bank has closed a total of $434.7 million in loans during the first six months of 2023. The loans are for senior living properties, health and rehabilitation centers and retirement communities in the South, Southwest and Northwest.
M&T financed 18 properties in eight states across the entire acuity spectrum from standalone independent living to skilled nursing.
Loans and amounts include the following:
- FHA closings: $75 million for seven properties in Oregon, Washington and Virginia
- Fannie Mae closings: $130 million for three properties in Tennessee, Florida and South Carolina
- Freddie Mac closings: $133 million two properties in Colorado and Texas
- Bridge loans: $101.5 million for six properties in Texas and North Carolina
The M&T seniors housing team includes Matt Pipitone, Nick Gent and Matt Henning. Details on the properties and loans were not disclosed.
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