Freddie, Fannie and HUD: Shifting Political Winds & Seniors Housing Finance - Buy Now!

Reference Companies: 

Thursday, April 14, 2011 at 1:00 - 2:30 pm (Eastern)

The Obama administration recently delivered a report to Congress outlining the options for dealing with the financial problems at both Fannie Mae and Freddie Mac. Included in this report was the plan to “wind down” Fannie and Freddie to help bring private capital back to the housing market... 
  

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DATE: Thursday, April 14, 2011
TIME: 1:00-2:30 p.m. Eastern (Can't make the call? Your order includes both a recording and transcript of the event. In addition, on-demand access to the webcast will be available through the end of the month.)
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Although the problem was in the residential housing portfolio, not in seniors housing, the proposed wind down could have a substantial impact on the liquidity of the capital markets for seniors housing providers. What was not disclosed was the timing of a potential wind down, whether seniors housing would be included and when new loans would come to an end, if at all. What was made apparent was that any new funding would be more expensive for borrowers, with the intent to level the playing field with private capital.

Because there are few financing alternatives, especially in the skilled nursing market, HUD has been the lender of choice, especially with its attractive rates and terms. HUD LEAN was introduced 18 months ago with great fanfare and the hope of decreasing the time it takes to get approvals. Now, however, the wait is almost as long as it was pre-LEAN, and the backlog continues to grow. The capital starved seniors housing industry is now coming out of its mini-recession, and the last thing a strengthening market, combined with an aging population, needs right now is for capital sources to dry up. So, what’s next for the seniors housing and care industry? 
 
REGISTER TODAY and get the answers to these questions and much more from our panel of industry leading experts—without ever having to leave your desk:

 

 

What are the odds that Fannie and Freddie loan volume for seniors housing will start to decline, if at all? 
What does “level the playing field” mean in terms of higher rates charged by Fannie and Freddie?
Will underwriting criteria change?
Will higher rates at Fannie and Freddie really bring more private capital back into the market?
What is going on at HUD with the backlog and will it get straightened out?
PLUS….your chance to ask the leading experts your questions on seniors housing financing.

 


Register below or call 1-800-248-1668.



 

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Freddie, Fannie and HUD: Shifting Political Winds & Seniors Housing Finance

Thursday, April 14, 2011 at 1:00p-2:30p ET 

 

 

Reference Companies: 

Panel of Experts:

Brian Beckwith, CEO of Formation Capital
Brian Beckwith is CEO of Formation Capital (formerly Senior Managing Partner of GE Capital, Healthcare Financial Services). Brian Beckwith has been active in healthcare mergers, acquisitions, investing and lending for the past 16 years in the United States and Europe. Most recently Mr. Beckwith led the lending and investing efforts for healthcare real estate and senior housing for GE Capital, where he also oversaw $7 billion in loans and Read More
CEO, Formation Capital
Daniel J. Biron, Managing Director of Lancaster Pollard Mortgage Company
Daniel J. Biron is Managing Director of Lancaster Pollard Mortgage Company. Mr. Biron is responsible for overseeing the firm’s platform of services, including HUD and FannieMae mortgage programs, U.S. Department of Agriculture programs, and Lancaster Pollard’s proprietary programs. He also is responsible for facilitating loan origination and developing new financing options to ensure providers have access to the most creative and Read More
Managing Director of Lancaster Pollard Mortgage Company
James Sherman
Jim Sherman leads Beech Street’s seniors housing finance practice. During his 40-year career in the seniors housing and health care industry, he has advised clients and completed financings totaling hundreds of millions of dollars. These financings include conventional bank debt for new construction and acquisitions, bond financings, taxable and tax-exempt financings, Fannie Mae, and FHA guaranteed financings utilizing several of the Read More
EVP-Seniors Housing, Beech Street Capital
Matthew Whitlock, Senior Vice President of CBRE National Seniors Housing Group
Matthew Whitlock, Senior Vice President, joined the CBRE National Senior Housing Group in July, 2008. The 22-year senior housing industry veteran was Director of Acquisitions for a nationwide owner and operator of premier senior housing communities and was responsible for all aspects of the Acquisitions Division, acquiring over 28 communities valued in excess of $2 billion. Most recently in his capacity as Vice President and Director of Senior Read More
Senior Vice President, CBRE National Senior Housing Group
Stephen Monroe
Stephen M. Monroe is a respected and often quoted industry leader. He is the managing editor and partner at Irving Levin Associates, Inc., a research and publishing firm founded in 1948. The firm specializes in the seniors housing and health care investment markets and delivers timely market intelligence to subscribers through financial newsletters, acquisition reports and databases. Mr. Monroe is the editor of The SeniorCare Investor, the Read More
Editor, The SeniorCare Investor