Fannie Mae Seniors Housing Multifamily Loan
Our Fannie Mae Multifamily Loan Benefits
Fannie Mae Multifamily Loan rates start as low as 5.88% (as of April 19th, 2024)
• A commercial mortgage broker with over 30 years of lending experience
• No upfront application or processing fees
• Simplified application process
• Financing up to 80% LTV
• Terms and amortizations up to 30 years
• Long term fixed rates
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation
Are you looking to finance the acquisition or refinance of a seniors housing multifamily property? If so, the Fannie Mae Seniors Housing Multifamily Loan program may be the perfect option for you. This program provides financing solutions tailored specifically to each deal. The pricing is extremely competitive and the speed and certainty of execution are hard to beat. These loans offer terms and amortizations of up to 30 years, are generally non-recourse and can get up to 75% LTV.
Fannie Mae Seniors Housing Multifamily Loan Highlights
Property and Borrower Eligibility:
- Must be an existing, stabilized and purpose-built seniors housing property.
- At least one key principal should have similar experience
Term: 5 to 30 years
Amortization: Up to 30 years
Interest Rate: Both fixed and variable rate options are available
Maximum LTV: 75%
Minimum DSCR:
- 1.3x if property is 100% independent living
- 1.4x if property is 100% assisted living
- 1.45x if property is stand-alone Alzheimer’s/ Dementia Care
Recourse: Loans are typically non-recourse with standard carve-outs for bad boy acts
Prepayment Penalty: Flexible options are available including yield maintenance and declining penalties
Other Terms:
- Loans are typically assumable
- Supplemental financing is available
- Escrows for replacement reserves, taxes and insurance are generally required
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