Freddie Mac is rolling out a new product for senior housing that will compete with banks and other existing financing sources for development and repositioning within the sector. Greystone has secured the first-ever revolving credit facility for seniors housing offered by Freddie Mac, on behalf of Oakmont Senior Living, in the amount of $150 million. […]
Freddie Mac
Freddie Mac (OTCQB: FMCC) is expanding its senior housing products by offering the first Structured Pass Through Certificates (K certificates). Backed exclusively by mortgages on multifamily senior housing properties, the company said it expects to offer approximately $369 million in K Certificates. The certificates are backed by 27 multifamily mortgages and are guaranteed by Freddie Mac. They include […]
When it comes to financing large portfolios of senior housing properties, real estate investment trusts (REITs) are dominating the market and will continue to do so for the foreseeable future, says a capital firm executive in an interview with the National Investment Center for the Seniors Housing & Care Industry (NIC). Fannie Mae and Freddie […]
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