Fannie Mae on Monday released its first-ever list of lenders with the most senior housing financing production for 2013, topped by KeyBank National Association.
The Top 5 list was released in conjunction with Fannie Mae’s top lenders across all sectors and its top Multifamily Affordable Housing lenders. Fannie Mae provided $28.8 billion in financing to the multifamily market in 2013, mainly through its Delegated Underwriting and Servicing (DUS) program.
In 2013, Fannie Mae’s senior housing lending production jumped 33% to $1.6 billion up from $1.2 billion in 2012. The firm declined to disclose each lender’s volume.
Fannie Mae’s Top 5 DUS producers for senior housing in 2013 are:
- KeyBank National Association
- Oak Grove Capital
- CBRE Multifamily Capital, Inc.
- Berkadia Commercial Mortgage, LLC
- Red Mortgage Capital, LLC
“These lenders are very much dedicated to our product and have a very deep client base, one reason why they were able to excel and make the top five for production,” Chris Honn, director of Fannie Mae’s Seniors Housing Group, told Senior Housing News. “They’re all long-term lenders of the product and their ability to execute and create financing structures for our borrower customers is a big reason why they’re on the list.”
Several senior housing lenders were also top Fannie Mae producers across all sectors, including Walker & Dunlop, LLC, CBRE Multifamily Capital, Inc., Beech Street Capital, LLC, Berkadia Commercial Mortgage, LLC, and Prudential Mortgage Capital Company.
Written by Alyssa Gerace