Seniors Housing Financing Term Sheet

• Customized solutions
• Flexible yield maintenance periods
• Competitive pricing
• Certainty of execution
• Speed in processing and underwriting 

• Existing, stabilized, purpose-built Seniors Housing Properties
• Sponsors and Operators experienced in the Seniors Housing industry
• Lenders experienced in financing Seniors Housing and approved by Fannie Mae for participation

5 - 30 years.

Up to 30 years.

Fixed- and variable-rate options available.

For the availability of variable rate options, please contact the Fannie Mae Senior Housing Deal Team
 

75%

For the availability of potentially higher leveraged transactions, please contact the Fannie Mae Senior Housing Deal Team
 

• 1.30x, if the Property is greater than 50% Independent Living; or
• 1.40x, if the Property is greater than 50%  Assisted Living and/or Alzheimer’s /Dementia Care.

Supplemental Mortgage Loans are available.

Mortgage Loans may be voluntarily prepaid upon payment of the required prepayment premium per the Loan Documents.

30- to 180-day commitments. Borrowers may use the Streamlined Rate Lock option.

30/360 and Actual/360.

Non-recourse execution is available with standard carve-outs for “bad acts” such as fraud and bankruptcy.

Replacement Reserve, tax, and insurance escrows are typically required.

In addition to standard third-party reports (including Appraisal, Phase I Environmental Site Assessment, and Property Condition Assessment), management and operations reports are required for all Seniors Housing Properties.  Licensed Seniors Housing Properties also require a Regulatory Compliance report.

Seniors Housing Mortgage Loans are typically assumable, subject to review and approval of the new Borrower’s financial capacity and experience.

Acquisitions, Refinances, and as part of a Credit Facility.