HHC Finance Closes $20.5 Million HUD Loan in Ohio

CHEVY CHASE, MD, March 2017 - Housing & Healthcare Finance (HHC Finance), one of the leading HUD healthcare lenders in the country, closed a $20.5 million HUD loan for 3 skilled nursing facilities in Ohio.  The total number of beds at the 3 facilities is 267.  HHC Finance refinanced the existing conventional debt at the facilities through HUD's 232/223(f) program. The fixed rate, non-recourse, fully amortizing refinancing lowered the borrower's interest rate and extended the debt's term for a significantly longer period.

About Housing & Healthcare Finance, LLC

Founded in 2002, Housing & Healthcare Finance, LLC (HHC Finance) is one of the leading HUD healthcare lenders in the country with well over $1.3 billion in closed HUD loans over the past 3 years.  In addition to HUD healthcare and multifamily loans, HHC Finance provides line of credit and bridge financing.  The Company’s expertise in the healthcare and multifamily markets allows it to provide loans that address all of its borrowers’ financing needs. The Company is headquartered in North Bethesda, MD and has additional offices in New York, Pennsylvania, New Jersey, Ohio, Illinois, and California.  For more information, please visit www.hhcfinance.com or email info@hhcfinance.com.