The property involved in the transaction is Carmel Place, a micro-unit building located at 335 E 27th St in New York City. Developed by Monadnock Development, the building consists of 55 studio apartments, with 40% designated as affordable units. At the time of financing, the property was fully leased.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $10,000,000.00
• Address: 335 E 27th St, New York, NY, 10016
• Market: New York
• Borrower's Rep: Michael Chavkin (M&T Realty Capital Corporation)
• Lender: M&T Bank

Michael Chavkin, Joe Pizzutelli, and Douglas Tilley of M&T Realty Capital played crucial roles in arranging the $10 million Freddie Mac loan for Carmel Place. Additionally, M&T Bank provided construction financing for the project. These key individuals and institutions were instrumental in facilitating the permanent financing of the micro-unit building.