Housing & Healthcare Finance Closes $29 Million HUD Construction Loan for Assisted Living Facility in New York
CHEVY CHASE, MD, August 2013 - Housing & Healthcare Finance, LLC (HHC Finance) is pleased to announce the closing of a $29,559,600 HUD construction loan for the only assisted living facility to be located in Scarsdale, NY. The planned facility went through years of negotiations with the various municipal entities involved in the approval process. The facility will have 138 beds and 115 units. HHC Finance worked extensively with the experienced developer to get the HUD loan closed for them.
About Housing & Healthcare Finance, LLC
Founded in 2002, Housing & Healthcare Finance, LLC (HHC Finance) is one of the leading HUD healthcare and multifamily lenders in the U.S. HHC Finance’s expertise in the healthcare and multifamily markets allows it to provide loans that address all of its borrowers’ financing needs. In addition to HUD loans, HHC Finance also makes line of credit and bridge loans. The Company is headquartered in Chevy Chase, MD and has additional offices in New York, New Jersey, Pennsylvania, Florida, Maine, Ohio, Illinois, Wisconsin, and California. For more information, please visit www.hhcfinance.com or email firstname.lastname@example.org.