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Updates to Seniors Housing Loan Submission Template

June 5, 2015

We have updated the Seniors Housing Loan Submission Template (LST) version 1.5.3 to update and correct formulas in the Rent Roll and I&E tabs. The following changes have been made:

  • Rent Roll Tab
    • Correction of Gross Potential Rent (GPR) calculation, removing the double-counting of Medicaid/Medicare income
    • Correction in calculation of vacant beds to account for partially vacant options
  • I&E Tab
    • Correction of calculation to Effective Gross Income (EGI)
    • Mapping of the Gross Potential Rent (GPR) and Medicaid Rent from the Rent Roll Tab
    • Enabling Input Sheet/Portfolio section to allow correct calculation of debt service coverage ratios (DCRs)

Questions?

If you have questions about these updates, please call 1-866-MultiFM (1-866-685-8436) from 8:00 a.m. and 8:00 p.m. ET, Monday through Friday. For other non-critical or administrative questions, please email the Multifamily Service Desk at mf_service_desk@freddiemac.com.


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