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.
- 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
- 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
- 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 9/30/19.
With respect to loans secured by real estate located in the State of California, loans will be arranged or made pursuant to a California Financing Law License.