MCLEAN, Va. — Freddie Mac has announced its multifamily lenders who transacted the most financing volume with the company in 2017, including broken out by sub-sector. Holliday Fenoglio Fowler (HFF) led all seniors housing lenders with originations totaling $732.7 million.
Based in the Washington, D.C. suburb of McLean, Freddie Mac is a government-sponsored enterprise that purchases commercial real estate loans to encourage further investment by the original lenders. The company purchased a total of $73.2 billion in multifamily loans in 2017 across approximately 820,000 rental units.
HFF topped all seniors housing lenders and was fourth place total among all multifamily Freddie Mac lending, at $6.7 billion. KeyBank was second place for seniors housing loans and eighth in total multifamily loans ($3.5 billion), followed by Capital One, which was seventh in total multifamily loans ($3.7 billion). The seniors housing volume for KeyBank and Capital One were not disclosed.
“It's been a pleasure to work with HFF,” says Steve Schmidt, director of seniors housing for Freddie Mac. “Their strong, dedicated Senior Housing Debt and Investment Sales teams have been instrumental to our collective success.”
This is the first time HFF has topped the seniors housing list for Freddie Mac. The lender received its National Seniors Housing Designation from Freddie Mac in 2013.