HHC Finance Closes $4 Million HUD Loan for Assisted Living Facility in New Jersey
CHEVY CHASE, MD, March 2016 - Housing & Healthcare Finance (HHC Finance), the leading HUD healthcare lender in the country, closed on a $4 million HUD loan to refinance the conventional debt of a 99 unit assisted living facility located in New Jersey. The existing debt was refinanced by HHC Finance 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 the leading HUD healthcare lender with well over $1 billion in closed HUD loans the past 2 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 Chevy Chase, MD and has additional offices in New York, Pennsylvania, New Jersey, Ohio, Illinois, Wisconsin, and California. For more information, please visit www.hhcfinance.com or email firstname.lastname@example.org.