If you are interested in Fannie Mae Student Housing Financing, it's important to understand your options. Below you will find frequently asked questions concerning student housing financing to help you with your lending decision. See below to find out about maximum LTV, terms and amortization, eligible properties, and more.
Fannie Mae Student Housing Questions
Questions & Answers
What are the available terms and amortization?
The term available is 5 to 30 years with an amortization of up to 30 years.
back to top
What is the minimum Debt Service Coverage?
1.30x for Fixed-Rate and 1.05x for variable rate, subject to a fixed-rate test.
back to top
Is this loan non-recourse?
Yes, this is a non-recourse execution with standard carve-outs for “bad acts” such as fraud and bankruptcy.
back to top
What are the benefits?
- Customized solutions
- Competitive pricing
- Certainty of execution
- Speed in processing and underwriting
back to top
What property types are eligible?
- Existing, stabilized properties that cater to a student tenant base because of design, tenancy, or location
- Strong operators with proven records of accomplishment in student housing
- Properties rented on a per-unit or per-bed basis
back to top