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M&T Realty closes $65.75M Fannie Mae financing in NJ

Summary by NJBIZ
M&T Realty Capital Corp. recently closed a $65.75 million Fannie Mae loan to facilitate the acquisition of a multifamily property in Union, marking the first closing with its client. An affiliate of The Inland Real Estate Group of Cos. Inc. purchased the 393-unit Summit Court for $131.5 million in a deal announced by JLL Capital Markets last month. According to the lender, the transaction underscores the partnership between M&T Bank and M&T RCC.…
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NJBIZNJBIZ

M&T Realty closes $65.75M Fannie Mae financing in NJ

M&T Realty Capital Corp. recently closed a $65.75 million Fannie Mae loan to facilitate the acquisition of a multifamily property in Union, marking the first closing with its client. An affiliate of The Inland Real Estate Group of Cos. Inc. purchased the 393-unit Summit Court for $131.5 million in a deal announced by JLL Capital Markets last month. According to the lender, the transaction underscores the partnership between M&T Bank and M&T RCC.…

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re-nj.comre-nj.com

M&T closes $66 million Fannie Mae loan for 393-unit Union rental property – Real Estate NJ

Summit Court at 450 Clermont Terrace in Union — Courtesy: M&T Realty Capital Corp. By Joshua Burd The new owner of a 393-unit luxury apartment complex in Union has closed on nearly $66 million in financing, in a transaction arranged by M&T Realty Capital Corp. According to a news release, Fannie Mae provided the loan to an affiliate of The Inland Real Estate Group of Companies. The deal follows the borrower’s acquisition last month of Summit Cou…

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re-nj.com broke the news in on Friday, March 21, 2025.
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