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**M&T Realty Capital Closes $50M Freddie Mac Loan for The Alyn in Carnegie Hill**
M&T Realty Capital Corporation (M&T RCC) has successfully secured 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.
The refinancing opportunity attracted strong interest, with M&T RCC emerging as the lender of choice among a competitive pool that included life insurance companies and debt funds. Freddie Mac ultimately provided the competitively priced, fixed-rate loan.
Commenting on the transaction, Robert Barry, Senior Vice President at M&T RCC, stated, “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. This deal and structure demonstrate that agency financing can be highly competitive for Class A assets in strong multifamily markets with strong borrowers.”
Completed in 2019, The Alyn offers 56 luxury residences and a suite of Class A amenities, including garage parking, a children’s playroom, and a wellness center.
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