M&T Realty Capital reported its Q1 seniors housing and healthcare loan activity, which comprised six transactions totaling $247 million. The largest transaction saw M&T Realty Capital work with M&T Bank on the closing of a $217 million syndicated senior term loan where M&T served as the administrative agent to support the acquisition of a portfolio of skilled nursing facilities in the Pacific Northwest. Next, M&T closed a $101.5 million bridge loan to refinance six seniors housing communities in Texas and North Carolina, which M&T fully underwrote on a very tight timeline. 

There were a number of agency financings, as well. They included a $52.5 million Fannie Mae loan for a 191-unit seniors housing community in the Nashville, Tennessee area, a $38.4 million Fannie Mae loan for a 128-unit independent living community in the Sarasota, Florida MSA, and a $49.3 million Freddie Mac loan for a 179-unit seniors housing community in Virginia. M&T also closed a $5.26 million HUD loan for a 105-bed assisted living community in Tacoma, Washington. Matt Pipitone, Seniors Housing Platform Manager, Nick Gent, Senior Vice President and Matt Henning, Senior Vice President, handled the transactions.