NEW YORK CITY — Hunt Real Estate Capital, a New York-based lender, has been approved as a Fannie Mae Seniors Housing Lender.
“Fannie Mae has been a key partner and valuable source of financing for clients of Hunt Real Estate Capital since 1988,” says James P. Flynn, president and chief investment officer at Hunt Real Estate Capital. “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.”
Key features of the Fannie Mae execution, according to Hunt, 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,” says Kathryn Burton Gray, senior managing director and head of seniors housing and healthcare at Hunt Real Estate Capital.