Conduit (CMBS) Loan Program

M&T Realty Capital Corporation® is an active originator of conduit loans. When we arrange the conduit financing, we also act as a borrower-advocate for any issues that may arise post-closing.

Property Types Financed

These loans are structured for refinance at maturity with an agency such as Fannie Mae, Freddie Mac, FHA/HUD or life company loans.

Multifamily properties with five or more residential rental units, including:

  • Affordable housing
  • Conventional (market-rate) multifamily
  • Seniors housing – independent or assisted living

Residential care facilities, including:

  • Nursing homes / skilled nursing facilities
  • Alzheimer's or memory care!facilities
  • Board and care facilities
    • Rehabilitation facilities
    • Hospitals

Loan Program Features!

Bridge loans typically include the following features. For specific information on this program, please contact us.

Characteristic Terms1 Bridge Loan Program
Minimum loan!amount $5,000,000
Maximum Loan-to-Value (LTV)

80%. Loans will be sized based on the assumption that the source of the bridge loan repayment will be an Agency or FHA/HUD loan. Generally, the maximum allowable Bridge Loan will be at least 5% less than the estimated amount of the Agency or FHA/HUD permanent loan.

Minimum Debt Service Coverage Ratio (DSCR)

1.00x (based on a floor rate determined on a case-by-case basis, which is generally in the 6%-7% range).

Loan term

Minimum 12 months; maximum 24 months. Extensions are available, subject to performance thresholds.

Amortization Interest-only
Rate type Variable, floating over 1-month LIBOR2

Loan proceeds greater than 65% LTV will be recourse. Loan proceeds less than 65% LTV may be non-recourse with acceptable sponsor credit. and full-term available

1 All loans and all terms referenced herein are subject to receipt of a completed application, credit approval and other conditions.

2 Subject to change at discretion of lender. 

Get Started

Contact M&T Realty Capital Corporation to help.

Our program managers can talk through yourneeds to find options that work for you.


$24.5 Million in Financing for a Retail Property in Pennsylvania

M&T Realty Capital Corporation® has arranged a $24,500,000 life insurance company loan for the refinance of a 170,614-sf retail property located in Philadelphia, PA.
Read Article >
M&T Realty Capital Corporation is a wholly-owned subsidiary of M&T Bank. "DUS®" is a registered trademark of Fannie Mae. "OptigoSM" is a registered trademark of Freddie Mac.
All loans and all terms referenced herein are subject to receipt of a complete application, credit approval and other conditions.