Fannie Mae Seniors Housing Multifamily Loan

Our Fannie Mae Multifamily Loan Benefits

Fannie Mae Multifamily Loan rates start as low as 2.59% (as of October 20th, 2021)
• 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

Fannie Mae Seniors Housing Multifamily Loan

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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