Freddie Mac
Freddie Mac has named their newest Seniors Housing Lender as Arbor Commercial Mortgage, LLC — a national, direct commercial real estate lender.
One of only 15 Freddie Mac Senior Housing Lenders in the U.S., Arbor has obtained a coveted loan product that will increase a comprehensive financing platform. Arbor will now be able to provide one of the most flexible and competitive financing available for independent and assisted living properties as well as seniors properties with skilled nursing or memory care components.
Just two weeks prior to this Freddie Mac appointment, Arbor acquired its Fannie Mae Seniors Housing DUS® license to accompany its already established FHA and bridge seniors housing and healthcare offerings. With the combination of short-term bridge financing, with permanent financing through Fannie Mae, FHA, and Freddie Mac, Arbor stands uniquely diversified — as a one-stop option for all seniors housing and healthcare financial needs.
According to Freddie Mac’s Seniors Housing Director Steven Schmidt, this latest announcement indicates the rapid growth and strengthening of the relationship between Freddie Mac and Arbor.
“We have enjoyed a strong and quickly growing partnership with Arbor in the short 15 months we have been working with the company. Based upon the speed and success in which this partnership has been developing, we look forward to an even more successful future together, providing market-leading loan products within the seniors housing and multifamily sectors.”
Arbor is excited to partner again with Freddie Mac, this time as its latest seniors housing lender. With this loan product, the already existing Seniors Housing and Healthcare Financing group will even more significant growth and establish a leading source for financing in the industry.
Arbor has already closed its first loan under its Freddie Mac Seniors Housing approval in Mesquite, TX, where it provided $12.1 million for the refinancing of Cambridge Court Assisted Living, a 16-year-old, 98-unit property that averages 96.5% occupancy and was renovated in 2013. The 10-year loan includes 30 years of amortization.
Photo credit: Libertyblog
