Mike Killion VP and Arnold Smeenk, national production manager, M&T Realty Capital Corp. have disclosed the closing of a $5.87 million apartment loan in Fenway. The property is comprised of a brick, 5-story building on Hemenway St. containing 16 apartments and one ground floor commercial unit. Because of the property's proximity to colleges, the loan was processed through M&T's Dedicated Student Housing loan program.
"This policy allows locally based M&T staff to become knowledgeable about maintenance and management issues specific to each property which enhances the value of the relationship for both M&T and the borrower," said Killion.