M&T Realty Capital Corporation Names David Bonomo as Managing Director
Expansion of Affordable Housing Production Team
October 23, 2023
M&T Realty Capital Corporation® (M&T RCC) is pleased to announce that David Bonomo has joined the company as Managing Director, Multifamily Originations in the New Jersey, and New York City offices.
David has over 30 years of diversified capital markets and transactional experience with a core concentration in affordable housing. He joins M&T RCC from The Related Companies (“Related”), where he was a senior advisor to the President of Related Affordable, focusing on portfolio management, derivative products, and other secondary market interest rate/risk management issues. Prior to Related, David spent more than seven years with Lument and its legacy companies as both a Senior Vice President and Director of Multifamily Originations. At Lument, David originated, structured, and closed multifamily affordable and market rate agency (FHA, Fannie Mae, Freddie Mac, USDA) loans, balance sheet bridge loans and tax-exempt bond transactions on a nationwide basis, with a primary focus in the northeast and mid-Atlantic regions.
David was the Chief Financial Officer of the New Jersey Housing & Mortgage Finance Agency (“NJHMFA”) in Trenton, NJ from 2010 through 2015. As CFO, he presided over a $4 Billion balance sheet and managed NJHMFA’s Capital Markets and Finance divisions. He designed, developed, and managed NJHMFA’s Conduit Bond Program, executed the operational turnaround cited by Standard & Poor’s in support of two critical ratings upgrades, and managed the rehabilitation of more than $200 million of distressed affordable projects. David has been a guest lecturer at Princeton University and The University of Richmond.
“David brings extensive experience in Multifamily Affordable Housing to M&T RCC and offers a demonstrated ability to originate and structure multifamily affordable transactions,” said Sean Cullen, Managing Director M&T RCC. He continued, “David’s previous origination experience coupled with his background at New Jersey HMFA brings a unique skillset to M&T RCC. His reputation as a tireless contributor and team player will be welcomed at M&T RCC and we are excited to have him on the team.”
David has a B.A. in Economics from Trinity College in Hartford, Connecticut and a J.D. from New York Law School. He is an active member of the Bar in the State of New York. David also holds FINRA Series 7, 52, 63 and 79 securities licenses.
Managing Director, Multifamily Originations
277 Park Avenue
New York, NY 10172
About M&T Realty Capital
M&T Realty Capital Corporation® (www.mtrcc.com) is a wholly-owned subsidiary of M&T Bank Corporation—one of the 20 largest US-headquartered commercial bank holding companies and has one of the top ten largest commercial real estate loan portfolios in the nation, per American Banker. As a full-service mortgage banking company, we specialize in providing competitive financing nationwide for commercial real estate. We are a fully accredited Fannie Mae DUS® lender, a Freddie Mac Optigo® lender, an approved FHA/HUD MAP and LEAN lender, and also offer life insurance company and CMBS financing through correspondent relationships. In addition to the below M&T Bank offices, MTRCC is also closely aligned with M&T commercial banking offices in Florida, Oregon, and Washington.
*M&T Realty Capital Corporation is a wholly owned subsidiary of M&T Bank, Member FDIC. “DUS®” is a registered trademark of Fannie Mae. “Optigo®” is a registered trademark of Freddie Mac.