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Financing Options


    Select one of the financing options below for more information:

Portfolio Lending

TYPICAL PROPERTIES

Bulk distribution / Industrial
apartments
Grocer-anchored retail
Dominant malls
Cross-collaterized portfolios
Seniors housing

Fixed and floating rate
$5 – $200 million
5– 20 year terms

• Rate lock at application
• Yield maintenance / structured prepayment options
• Non-recourse except for standard commercial carve outs
Fannie Mae

TYPICAL USES

Stabilized multifamily properties

Specialized properties including affordable (LIHTC), student, seniors and manufactured housing

PROGRAMS

DUS™ Multifamily Mortgage

DUS/ARM Multifamily Mortgage

Credit Enhancement (fixed-rate and weekly variable-rate housing revenue bonds)

Construction Loan Takeout for LIHTC


Mezzanine (available behind DUS first mortgage)

Extended maturity (fixed, floating)

Structured ARM

Early rate lock
Yield maintenance
Defeasance
Structured prepayment options

• Supplemental loan program
•  Non-recourse except for standard commercial carve outs
• Forward commitments
• Single asset substitution option
FHA

TYPICAL USES

Stabilized multifamily rental

Stabilized healthcare facilities

Properties for new construction or substantial rehabilitation
 		   
PROGRAMS

Acquisition or refinance of:
Multifamily rental housing
Seniors housing
Healthcare facilities

New construction and/or substantial rehabilitation of:
Multifamily rental housing
Seniors housing
Healthcare facilities including special care
hospitals
  
Permanent fixed rate
Terms: New construction/rehab
Period + up to 40 years
Existing up to 35 years

• Fully amortizing, fully assumable
• Non-recourse
•  Integrated construction / permanent financing
• Credit enhancement for tax-exempt financing
Affordable Housing

TYPICAL USES

For-profits and non-profits
Affordable housing preservation
LIHTC eligible properties
Properties financed with
  80 / 20 tax-exempt bonds
  100 units or more

AGENCY AND PROPRIETARY PRODUCTS:

Fannie Mae DUS affordable loans
Freddie Mac targeted affordable loans
Proprietary non-agency, tax-exempt bond enhancements
Privately-placed, unrated bonds
FHA affordable loans
Mezzanine / Structured financing for non-profits
Construction / Permanent financing for union-built properties

TERMS
• $3 - $300 million
• Both short-term and long-term structures
• Other features available



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