Hunt Real Estate Capital has now been approved as a Fannie Mae seniors housing lender, the company announced Thursday.
“Fannie Mae has been a key partner and valuable source of financing for clients of Hunt Real Estate Capital since 1988,” said James P. Flynn, president and chief investment officer at the commercial real estate financer. “We have made a concerted effort to expand our dedicated seniors housing origination and underwriting resources, and this approval from Fannie Mae is a testament to the strength of that team.”
According to Hunt, features of the Fannie Mae execution include the speed of execution, the low-cost structure, the upfront structuring flexibility of term and amortization and the ability to increase debt years into the term via supplemental financing.
“The seniors housing market continues to be ripe with opportunity, and Fannie Mae’s lending program remains one of the most attractive vehicles for long-term financing among owners,” Hunt Real Estate Capital Senior Managing Director and Head of Seniors Housing and Healthcare Kathryn Burton Gray said. “The Fannie Mae product is one that absolutely must be considered by all long-term assisted living and independent living owners.”