fannie mae - capital one

Loan Features

• Non-recourse, with exception of standard carve-outs

• Assumable

Rate Lock

• 30 to 90 day commitments are available

• Extended Rate Lock feature is also available, allowing the borrower to lock a rate 45 to 365 days in advance of closing

Escrows

• Replacement reserve, tax and insurance escrows are typically required for higher leverage transactions

Pricing

• Pricing is tiered and based on the risk attributes of each loan

• Rates are quoted daily

• Contact Capital One for specific pricing

Available

• Nationwide

Terms

Eligible Properties• Stand-alone or combinations of

Independent Living, Assisted Living, and Alzheimer’s properties

• Properties accepting Medicaid are eligible with limited tenancy concentration

• Free standing skilled nursing facilities are not eligible

Maximum Loan To Value• 75% for acquisitions or cash neutral

refinances

• 70% for cash out refinances

Minimum Debt Service Coverage• Independent Living – 1.30x

• Assisted Living – 1.40X

• Combination of Independent and Assisted Living (with less than 50% Assisted Living) – weighted average DSC

Supplemental Mortgage

• At any time after the first year of the mortgage term

• Up to two Supplemental Mortgages may be obtained during the loan term

Eligible Borrowers

• Single-asset, single-purpose entities (some exceptions permitted)

Overview

• Fixed or ARM

• Flexible pre-payment options

• Tier pricing based on risk attributes

• 5, 7, 10, 15 or 30-year balloon

• 20, 25 and 30 year fully amortizing

• Interest-only periods may be available

FAnniE MAE SEniOR hOuSing PRODuCT

6/25/15CB-2209

Capital One® provides an array of financing solutions for all types of facilities and organizations. We offer a wide range

of Fannie Mae®, Freddie Mac® and FhA® programs nationwide as well as balance sheet products in selected markets.

This gives us the breadth of resources to structure transactions that closely meet the needs of our customers. We

take pride in delivering “good enough just isn’t” service at every stage of the lending process, from origination and

underwriting to closing and beyond.

The third parties listed are not affiliated with Capital One and are solely responsible for their products and services. All trademarks used herein are owned by their respective owners. All loans subject to credit approval. Terms and conditions apply. Products and services are offered by Capital One, N.A., NMLS ID 453156.©2015 Capital One. All rights reserved.

To learn more about how the Capital One team members will roll up their sleeves for your business, contact

Capital One Multifamily Finance 7600 Wisconsin Ave., Suite 800 Bethesda, MD 20814 855-933-6667 infomultifamily@capitalone.com

www.capitalonemultifamily.com