Senior Housing

PGIM Real Estate Finance offers flexible senior housing financing through a variety of lending platforms.

Overview

In addition to providing capital through portfolio lending, we are also a Fannie Mae DUS™ lender and a Freddie Mac seller/servicer for dedicated senior housing.

Our Enhanced Agency Gateway Program also provides financing for senior housing properties that have not achieved the stabilized operating levels required for permanent financing through Fannie Mae or Freddie Mac programs.

Portfolio
Program
and Terms
  • Fixed and Floating Rate
  • $10 million and greater
  • 3 – 20 year term
  • Rate lock at application
  • Yield maintenance / structured prepayment options
  • Non-recourse except for standard commercial carve outs
Agency
Program
and Terms
  • Fixed and Floating Rate
  • $5 million and greater
  • Credit facilities available
  • Early rate lock/Early spread lock
  • Yield maintenance or defeasance / structured prepayment options
  • Non-recourse except for standard commercial carve-outs
Enhanced Agency Gateway Program Terms
  • Floating Rate
  • 3-36 month terms
  • $5 million to $100 million
  • Up to 75% LTV (per Agency requirements)
  • Yield maintenance or defeasance / structured prepayment options
  • Non-recourse except for standard commercial carve-outs

Senior Housing Experts

Sources of data (unless otherwise noted) are as of 6/30/18.

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