Fannie Mae and Freddie Mac are once again at the center of reform talks in the latest chapter of the two government-sponsored entities’ troubled saga, but despite all the scrutiny, lenders say both agencies’ role in the senior housing industry is growing. “Both agencies have a very strong appetite for seniors housing assets,” says Allison […]
Category: Fannie Mae
Coming off a big year for agency financing in the senior living lending environment, 2013 looks to be no different in terms of the participation of the Federal Housing Administration, Fannie Mae and Freddie Mac in the market. Some areas may even be positioned for growth. Last year, the Department of Housing and Urban Development […]
Healthcare real estate investment trust (REIT) acquisitions and financing deals in senior housing are forcing Fannie Mae to adapt its business strategy and put a focus on working with small to mid-size players in the industry. “In the past, we’ve done business with larger operators, but not many with middle market borrowers,” said Bob Simpson, […]
Oak Grove Capital announced it originated $16 million of fixed-rate permanent financing through its Fannie Mae DUS program for the Isle of Watermere, a senior housing community owned by South Bay Partners. Based in Southlake TX, the Watermere is a 92-unit community consisting of 66 assisted living units and 26 memory care units. Managed by Life […]
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