Loan Product
Specialty Asset Lending: Self Storage, Senior Housing, Healthcare, and LIHTC.
Some property types need lenders who do nothing else. Self storage. Senior housing and skilled nursing. Healthcare real estate. LIHTC affordable housing. Each one has its own rules, its own underwriting language, and its own capital sources. A regular CRE lender will price these wrong, and most will not even quote them. The dedicated specialty desks on the network handle each one. The institutional sweet spot is $10M and up.
What the Network Covers
- Self storage: SBA and conventional debt, agency, and institutional balance sheet ($1M to $100M)
- Senior housing and healthcare: HUD 232, bridge to HUD, agency seniors, skilled nursing ($5M to $200M)
- LIHTC affordable housing: 9% and 4% credit syndication, construction to perm ($5M to $50M tax credit equity)
- Hospitality specialty: dedicated balance sheet, brand conversion, PIP, CPACE (see Hospitality page)
- Healthcare real estate: medical office, ambulatory surgery, behavioral health ($5M to $100M)
Loan Snapshot
- Loan Amounts
- $5M to $500M+ across the network
- Typical Sweet Spot
- $10M+
- LTV / LTC
- Program dependent
- Term
- Bridge in months; HUD and agency in long term fully amortizing years
- Closing Time
- 30 days bridge to 12 months HUD
- Property Types
- Self storage, senior housing, skilled nursing, healthcare, LIHTC affordable
- Geography
- Nationwide, drawn from the 200 plus active capital source network
- Rates
- Rates depend on the deal. Submit your file or jump on a call and I will give you a real number.
Rates depend on the deal. Submit your file or jump on a call and I'll get you a real number.
LIHTC. How It Works.
Low Income Housing Tax Credits (LIHTC) are 9% or 4% federal tax credits awarded to developers of affordable housing. The tax credits are sold to corporate investors through LIHTC syndicators in exchange for equity. The network includes the major syndicators on both 9% competitive deals and 4% bond financed deals, often paired with HUD 221(d)(4) construction or Fannie or Freddie targeted affordable permanent.
Senior Housing. Beyond HUD 232.
Senior housing splits into three buckets: independent living and assisted living (often financed agency or bridge), memory care (HUD 232 friendly), and skilled nursing (HUD 232 specialist). The senior housing bench includes the dedicated healthcare debt desks at the top HUD shops, with bridge to HUD programs across all three buckets.
Frequently Asked Questions
What is a self storage loan?
Self storage financing covers acquisition, ground up construction, and refinance of climate controlled and traditional self storage facilities. Programs include SBA 504/7(a) for owner occupied, conventional bank debt, agency multifamily style debt for stabilized portfolios, and CMBS conduit. The institutional sweet spot is $5M and up.
What is LIHTC and how does it work?
LIHTC (Low Income Housing Tax Credit) is a federal tax credit awarded to developers of qualifying affordable housing. The 9 percent credit is competitive (state allocated) and the 4 percent credit is paired with tax exempt bonds. Credits are sold to corporate investors through LIHTC syndicators in exchange for equity, often combined with HUD 221(d)(4) construction or Fannie/Freddie targeted affordable permanent debt.
How do you finance a medical office building (MOB)?
Medical office is financed through life company permanent debt, agency multifamily style programs (Fannie Healthcare, Freddie Healthcare), CMBS conduit, and bank balance sheet. Strong tenant credit and long lease terms (10 plus years) get the best rates. Single tenant on a long net lease can hit life co pricing.
Can you finance a skilled nursing facility (SNF)?
Yes. Skilled nursing is financed under HUD 232 (FHA insured, 35 to 40 year non recourse), bridge to HUD, and dedicated SNF balance sheet shops. Operator quality, state survey history, and Medicare/Medicaid mix drive underwriting. The HUD MAP shops on the network are the most active SNF lenders in the country.
What is the minimum loan amount on specialty CRE?
Most specialty desks on the network start at $5M for institutional pricing. Smaller deals get done where there is a relationship lender or SBA program fit. The institutional sweet spot is $10M and up across self storage, senior housing, healthcare, and LIHTC.
Ready when you are.
Send me your file or pick up the phone. I answer 7 days a week.