NIC MAP Data Service Clients Discuss Seniors Housing

Anne Hampton, senior vice president of Wells Fargo Senior Housing Finance talks seniors housing with NIC MAP.

What NIC MAP service offerings is your company currently using?

I think we use just about every feature within the NIC MAP services. It would be very challenging to underwrite our loans. It has every feature that you want under the sun in quick, easy to use tabs. If it's the transaction, if it's property local search, if it's the construction pipeline, it's everything within one umbrella for us to underwrite a property.

What is a top reason you selected NIC MAP Data Service?

The top reason that we selected NIC MAP was it really is the gold standard within the senior housing industry.

I started in the senior housing finance group last year. And when I started within the group, I met with our clients. I met with Beth Mace, who is the chief economist with NIC. And everybody said first thing you need to do is to get onto NIC MAP.

I came from the hotel sector and I liken NIC MAP senior housing as Smith Travel Research, it's the hotel industry, it's the database that you need to have supply, demand, absorption data, occupancy and rates. And so with that, you're able to ascertain the market healthiness and if we want to go ahead and loan within a particular product within a local market.

Do you consider NIC MAP Data Service a reliable data source?

I do believe that NIC MAP is a reliable source, but Wells Fargo does have a business philosophy of trust but verify. So, I think it's great, official, initial first look at a project and if we're going to move forward on a loan financing, we're going to have boots on the ground to do our proper due diligence.

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NIC MAP Data Service Clients Discuss Seniors Housing

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