WASHINGTON, D.C. — Fannie Mae provided more than $67 billion in financing for 750,000 multifamily units in 2017, the highest volume in the history of the Washington, D.C.-based government-sponsored lender. Seniors housing accounted for $5.5 billion of that total, an increase of 267 percent from $1.5 billion in 2016.
KeyBank National Association led all Fannie Mae lenders for seniors housing in 2017, followed by Berkadia, JLL, Greystone Servicing Corp. and Grandbridge Real Estate Capital. The totals for each company were not separately released.
This is the second consecutive year Fannie Mae has broken its own volume record, closing $55.3 billion in multifamily loans in 2016. Fannie Mae buys loans from mortgage lenders, bundles them together and sells them as mortgage-backed securities to investors.