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**M&T RCC Secures $50M Freddie Mac Loan for The Alyn in Carnegie Hill**
M&T Realty Capital Corporation (M&T RCC) has closed a $50 million Freddie Mac loan for The Alyn, a 56-unit luxury multifamily rental property located at 152 East 87th Street in Manhattan’s prestigious Carnegie Hill neighborhood. The borrower is an affiliate of Gordon Property Group, a New York-based family office.
This refinancing transaction was highly competitive, with M&T RCC successfully securing the loan against a strong field of contenders, including life companies and debt funds. The Freddie Mac financing provided a competitively priced fixed-rate structure.
“Our integrated approach and deep understanding of the NYC multifamily market allowed us to deliver a tailored financing solution that met the client’s long-term goals,” said Robert Barry, Senior Vice President at M&T RCC. “This deal and structure show that agency financing can be competitive for Class A assets, in strong multifamily markets, for strong borrowers.”
Constructed in 2019, The Alyn offers high-end Class A residences and luxury amenities including garage parking, a children’s playroom, and a wellness center. The building exemplifies high-quality urban living in one of Manhattan’s most desirable neighborhoods.
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