Sterling, VA — M&T Realty Capital Corporation has closed a $51.195 million Freddie Mac Optigo Conventional loan for financing of The Elms at Arcola, a 248-unit apartment complex in Sterling. The project developer is McLean, VA-based Elm Street Development, one of the largest privately-owned developers in the Washington-Baltimore area.The Elms at Arcola offers one-, two-, and three-bedroom units for rent. Each unit features a kitchen with granite countertops, ENERGY STAR stainless steel appliances, and full-sized washers and dryers. Property amenities include a resort-style pool with sundeck, a gym, a yoga room, cyber café, and a community garden. The property is located off Rte. 50 and Loudoun County Pkwy., minutes from Dulles International Airport, the Blue Ridge Mountains and access to Washington, DC and Maryland.The 10-year fixed-rate loan is structured with five years of interest-only payments, followed by a 30-year amortization.