This covers all news and financings involving Fannie Mae, in regard to the seniors housing and care industry.
Aron Will and Austin Sacco of CBRE National Senior Housing arranged a Fannie Mae refinance of an Omaha, Nebraska senior living community. Owned by a joint venture between Hegg Companies, a Sioux Falls, South Dakota-based real estate investment firm, and Paradigm Senior Living, an operator with an extensive portfolio west of the Mississippi, the community […]
Lancaster Pollard Mortgage Company is keeping busy, having announced two transactions for senior care assets in the Midwest. First, Brad Competty, Casey Moore and Doug Harper closed a $42 million Fannie Mae loan with a 12-year term and fixed interest rate for a CCRC client. Mr. Competty and Brendan Healy followed that up with a […]
The Walker & Dunlop team of Kevin Giusti, Michael Davis and Jeff Ringwald ran the agency gamut this month, closing one Freddie Mac, one Fannie Mae and one HUD loan, all totaling $42.6 million. W&D started with a $13.5 million refinance closed through Freddie Mac for a brand-new, 52-unit memory care community in Springfield, Oregon. […]
Fannie Mae and Freddie Mac came out with their 2018 multifamily loan production rankings, showing more than $143 billion in volume was closed across the two agencies. Compared with last year, that resulted in a 3% decrease for Fannie Mae but a 7% increase for Freddie Mac. That’s a lot of capital injected into multifamily […]
Berkadia headed out of 2018 with a bang, closing a credit facility that totaled more than $200 million. Secured by 19 senior living communities owned by Capital Senior Living Corporation, the facility came with both fixed and variable interest rates, a 10-year term and 30-year amortization schedule financed through Fannie Mae. Approximately $150.8 million of […]
Berkadia closed over $200 million in loans this month, in both its Proprietary Bridge Lending and Commercial Mortgage platforms. Beginning with its agency transactions, Berkadia’s Jay Healy secured HUD loans totaling over $36 million for two skilled nursing facilities clients. The larger loan, at $29.5 million, was arranged on behalf of a repeat client of […]
Hunt Real Estate Capital has undergone quite the transformation this year. After bringing in RED Capital Group’s Kathryn Burton Gray this past March to lead its seniors housing and healthcare lending group, along with RED alumni James Scribner, Jason Smeck and Brady Johnson, Hunt then changed its name from Hunt Mortgage Group to Hunt Real […]
After opening in 2017, and already filling up, a senior living community in Plymouth, Michigan (Detroit MSA) refinanced its construction debt with the help of Aron Will of CBRE. Developed by a joint venture between Boston-based private equity firm Blue Moon Capital Partners and Troy, Michigan-based operator Cedarbrook Senior Living, the community features 98 independent […]
Spreading the love this month, Lancaster Pollard worked with HUD, Fannie Mae and a bank to close its latest three transactions. Quintin Harris led the way on the HUD deal, closing an $11.7 million refinance to replace short-term, floating-rate commercial bank debt on a 95-unit senior living community in St. Michael, Minnesota. Moving forward, the […]
Charlie Shoop of KeyBank Real Estate Capital has been hard at work arranging two financings from two different agencies. First, through Freddie Mac, Mr. Shoop originated a $26 million loan to facilitate the acquisition of a 175-unit independent living community in Dallas, Texas. The floating-rate loan came with a seven-year term, four-year interest only period […]