Bridge financing for senior housing.

Arbor Commercial Mortgage, LLC, has announced the rollout of a new interim financing product for seniors housing, providing short-term "bridge" financing.

The new product will provide interim financing for acquisitions of senior housing properties, short-term financing until permanent financing is secured and possibly equity takeout, judged on a case-by-case basis. With an expansive and growing product line, Arbor offers a variety of permanent financing vehicles, including FHA, Fannie Mae and CMBS.

"With Arbor's expertise, creativity and flexibility, the new product helps us deliver a unique approach to help better serve our clients' needs," said John Caulfield, executive vice president of sales and operations.

"With our recent designation as a Fannie Mae DUSa seniors lender, we are confident the interim finance product will allow us to offer our clients the best financing options available."

The minimum loan amount for the interim finance product is $5 million, with a fixed or floating rate over LIBOR index. The loan term is six to 36 months with an amortization of 25 years and a minimum DSCR of 1.10 on current operations. Eligible seniors housing properties include independent living, assisted living and/or assisted living with Alzheimer's care facilities.