Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, has been approved as a Fannie Mae Seniors Housing lender. Fannie Mae’s Senior Housing Product provides flexible financing for eligible seniors housing properties. These include independent living, assisted living and assisted living with Alzheimer’s care facilities.
“This designation is a natural fit for Arbor’s versatile and flexible product line,” says Ivan Kaufman, chief executive officer.
“As an experienced and leading DUSä lender, our team of very knowledgeable seniors housing finance experts can execute this type of transaction quickly and efficiently. We look forward to expanding our product platform while continuing to offer our clients the best financing options available in today’s industry.”
Experienced seniors housing owners and operators with a commitment to resident service and quality care are eligible for fixed or variable rate loans with amortization up to 25 years and a maximum loan-to-value of 75% (80% for tax exempt bond financed projects).