SENIORS HOUSING FREDDIE MAC LOAN PROGRAM
Freddie Mac offers flexible loan terms and multiple financing options for a variety of Seniors Housing property types. The programs are specifically designed for the purchase or refinance of Seniors Housing properties. Berkadia has the ability to originate and underwrite Freddie Mac Seniors Housing loans.
Eligible Properties
• Independent living, assisted living, assisted living with alzheimer’s, in any combination, or standalone alzheimer’s/dementia
• Continuing care retirement communities and properties with skilled nursing units may be considered
Loan Features 5 to 30 years
Eligible Borrowers Sponsors and operators with a minimum of five years experience in the Seniors Housing industry and a minimum of five stabilized properties
Financing Options
• Fixed-rate mortgages
• Adjustable-rate mortgages
• Structured and affordable transactions including multiple loan pools
• Supplemental mortgages
Escrow Fully funded replacement reserve, tax and insurance escrows are required
Early Rate-Lock Available
Loan-To-Value Ratio and Amortizing Debt Coverage Ratio
Housing Independent Living (>50% IL) FIXED AND FLOATING-RATE LTV/DCR Amortizing Partial Interest-Only Term Interest-Only ACQUISITION OR REFINANCE ≥ 7-Year Term 75%/1.30x 75% / 1.30x 65%/1.40x < 7-Year Term 70%/1.35x 70% / 1.35x 60%/1.45x
Seniors
SENIORS HOUSING FREDDIE MAC LOAN PROGRAM
Seniors Housing Assisted Living /Memory Care (>50% AL/MC)
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FIXED AND FLOATING-RATE LTV/DCR* Amortizing Partial Interest-Only Term Interest-Only
≥ 7-Year Term 75%/1.40x 75%/1.40x 65%/1.50x
7-Year Term 70%/1.45x 70%/1.45x 60%/1.55x
calculated based on the live pay rate
ACQUISITION OR REFINANCE
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*Floating-rate proceeds are
