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 percent LTC, the two-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.
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