Healthcare Real Estate

The KeyBank Real Estate Capital healthcare specialization provides comprehensive solutions for the property financing needs of REITs, hospitals and seniors housing.

We bring our expertise as an approved and experienced Agency underwriter to partner with Fannie Mae, Freddie Mac and FHA/HUD to structure the best solutions for our clients’ needs. Our healthcare and institutional real estate teams work together to deliver the best possible debt, equity and advisory services and solutions to this specialized field.

We focus on the integrated financial needs of a healthcare organization; many times, property finance is a part of that equation. Recent examples in this PDF include:

  • We closed 13 FHA permanent loans totaling more than $114 million with Athena Health Care Systems. The loans represented the culmination of a successful bridge-to-HUD execution on a portfolio including 12 skilled nursing facilities in Connecticut and Rhode Island.
  • We closed a $132 million Freddie Mac re-financing with Spectrum Retirement Communities, financing five senior housing communities in three states.

Fannie Mae, Freddie Mac and FHA/ HUD financing can be particularly useful in healthcare real estate transactions, from seniors housing to hospitals. Following are some of the programs that have proven most relevant to our healthcare clients across the country:

  • Fannie Mae Seniors Housing loans
  • Freddie Mac Program Plus Seniors Housing and Assisted Living Financing
  • FHA Form 232
  • FHA Form 232/233 (f)
  • FHA Form 221
  • FHA Form 223 (a) (7)
  • FHA Form 242 and 242/233 (f)

Key’s experienced professionals help healthcare organizations arrange permanent financing, syndicated loans, and Agency financing for their property finance needs. Additionally, our cross-disciplinary team also provides treasury management, energy cost derivatives, operating capital and equipment finance, as well as products and services from across the bank.