Housing & Healthcare Finance Closes Largest Ever 232/223(f) HUD Loan
CHEVY CHASE, MD, June 2014 - Housing & Healthcare Finance, LLC (HHC Finance) announces the closing of a $68,672,000 HUD loan for a skilled nursing facility purchased by Flushing, NY based Center Management Group in December 2012. The 547 bed/234 unit skilled nursing facility, which is located in Lincoln Park, NJ, is the largest privately operated nursing home in the state. The facility is currently at 98% occupancy. The 232/223(f) HUD loan refinanced all of the existing debt plus financed capex.
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, Maine, Ohio, Illinois, Wisconsin, and California. For more information, please visit www.hhcfinance.com or email firstname.lastname@example.org.