Troika of Fannie, Freddie and HUD Keep Lending Market Alive

Government-backed loan programs will continue to be a rich source of capital this year for seniors housing, making it the bright spot in the commercial real estate sector.

Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that provide liquidity to lenders, are expected to each plow about another $1 billion into the seniors housing market in 2010.

Despite a recent slowdown of approvals because of a surge in applications, HUD’s 232 lending program also will continue to supply loans for seniors housing while program administrators work to expedite deal approvals.