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Add Some Green to Your Senior-Housing Loan

Walker & Dunlop’s recent structuring of Fannie Mae’s first Green Rewards loan backed by a senior-housing property paves the way for more loans of this type, Jeff Ringwald and Bill Jackson tell GlobeSt.com.

Jeff Ringwald Ringwald: “In this case, we knew our client was implementing a significant solar and battery-pack system, so we simply asked Fannie if we could do a Green Rewards financing on the property.”

NATIONAL CITY, CA—Walker & Dunlop Inc.’s recent structuring of Fannie Mae’s first Green Rewards loan backed by a senior-housing property paves the way for more loans of this type, managing director Jeff Ringwald and SVP Bill Jackson tell GlobeSt.com.

The pair recently led a team that structured an $82-million loan for Paradise Village, a class-A, independent-living, assisted-living and memory-care community located in National City. The transaction represents Fannie Mae’s first Green Rewards loan backed by a seniors housing property.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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