WASHINGTON, DC–Fannie Mae has provided nearly $4 billion in seniors housing market financing this year through the third quarter of 2017 — the highest volume in its DUS (Delegated Underwriting and Servicing) program and a significant increase from the $1.5 billion that it provided for all of last year.
To date, Fannie Mae has provided $13.4 billion to the sector through the third quarter of 2017.
There are several trends at play that led to this increase, according to Roosevelt Davis, director of Multifamily Seniors Housing: demographics and the number of large deals and refinancings for which borrowers have tapped Fannie Mae.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
