Kerner of M&T Realty Capital closes $11.22 million refinance loan

Clocktower Place - Nashua, NH

Nashua, NH M&T Realty Capital Corporation has closed an $11.22 million Fannie Mae loan for the refinance of Clocktower Place. The 10-year, 3.97% fixed-rate loan has a 30-year amortization period.

Clocktower Place offers 143 units with one, two, or three-bedroom apartment or townhome layouts for rental. The property is located in downtown Nashua, and is a short walk from Mine Falls Park, a 325-acre park with multiple walking/jogging trails. Community amenities include an on-site health club, covered parking, function rooms, and concierge services.

Daniel Kerner, M&T Realty

The transaction was led by managing director Daniel Kerner of M&T Realty Capital’s Boston office. Fantini & Gorga provided brokerage services for the borrower.

M&T Realty Capital is a full-service mortgage banking company that specializes in providing competitive financing nationwide for commercial real estate. As a wholly-owned subsidiary of M&T Bank, we have direct access to commercial/multifamily mortgage capital markets, and are a fully accredited Fannie Mae DUS and Freddie Mac Program Plus lender as well as an approved FHA MAP and LEAN lender. In 2014, we generated more than $1.8 billion in loan originations, and currently service a loan portfolio in excess of $11.8 billion.

M&T is a financial holding company headquartered in Buffalo, New York. M&T’s principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.