'M&T Bank expands commercial real estate lending capabilities with the creation of an innovation department and executive hiring'

's worth noting that M&T's subsidiary, M&T Realty Capital Corporation, is licensed to originate loans under three agencies' programs: Fannie Mae, Freddie Mac and HUD. The CRE Innovation Office will strive to provide creative solutions to clients in a coordinated manner linking them to needed services.

The new executive directors hired by M&T have significant commercial real estate experience. Lopa Kolluri, senior vice president, previously worked at HUD, where she handled mortgage insurance totaling $1.2 trillion. Laura Murphy, senior vice president, has experience in a variety of capital types. Ashley Mitchell, vice president and commercial segment support analyst, will focus on business efficiency and line-of-business development in''future.

The CRE Innovation Office looks forward to a long-term relationship with clients and states that client needs are their top priority. As a reminder, M&T Bank is a financial holding company based in Buffalo, New York.