By-the-bed underwriting for student housing, worked through
How lenders turn per-bed leases into net operating income: gross potential rent, the 5% vacancy floor, summer income, reserves and the DSCR test.
Guides
Enrollment, college housing capacity and the bed gap at 693 campuses, plus a student housing loan sizer.
Fannie Mae vs Freddie Mac student housing loans, side by side
Campus size, distance, leases, food service, LTV, DSCR and reserves under Fannie Mae's Guide and Freddie Mac's student housing summary, with dates.
Can you use HUD 221(d)(4) for student housing? Usually not
HUD's MAP Guide bars insured projects designed solely for students and requires family-housing rents near campuses. What that means for a deal.
The student bed gap: what IPEDS housing data does and doesn't show
How to read a campus's housing capacity, beds per 100 students and the gap to full-time enrollment before you underwrite private student housing.
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