Important: Refinance your current loan to avoid a balloon payment prior to maturity date.  - Read more.

Fannie Mae Seniors Housing Financing FAQs

If you are interested in a Fannie Mae Seniors Housing Financing, it's important to understand your options. Below you will find frequently asked questions concerning Seniors Housing Financing to help you with your lending decision. See below to find out about terms and amortization, maximum LTV, debt service coverage, and more. 

Fannie Mae Seniors Housing Financing Questions

Questions & Answers

What are the available terms and amortization?

The term available is 5-30 years with an amortization of up to 30 years

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What is the maximum LTV?

The maximum loan to value is 75% (80% for fixed-rate tax-exempt bonds)

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What is the minimum Debt Service Coverage?

The minimum DSCR is 1.30x if the property is 100% Independent Living, 1.40x if the property is 100% Assisted Living, 1.45%, if the property is stand-alone Alzheimer/Dementia Care.  For combinations of the above special rules apply to calculate the minimum DSCR

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Is this loan non-recourse?

Yes, this is a non-recourse execution with standard carve-outs for “bad acts” such as fraud and bankruptcy.

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What are the benefits?

  • Customized solutions
  • Flexible loan terms
  • Competitive pricing
  • Certainty of execution
  • Speed in processing and underwriting

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What property types are eligible?

  • 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

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