Housing & Healthcare Finance Closes $3.8 Million HUD Financing for a Multifamily Property located in Newark, NJ
CHEVY CHASE, MD, November 2014 - Housing & Healthcare Finance, LLC (HHC Finance), the nation’s leading HUD LEAN and multifamily lender, recently announced the closing of a $3.8 million HUD loan to finance a 65 unit multifamily property located in Newark, NJ with long term, fixed rate, low interest rate debt. HHC Finance closed the 207/223(f) loan after playing an instrumental role in the resolution of the environmental remediation the property required. The property is 100% Section 8 with a 20 year HAP contract.
About Housing & Healthcare Finance, LLC
Founded in 2002, Housing & Healthcare Finance, LLC (HHC Finance) is the leading HUD healthcare lender in the U.S. finishing HUD’s FY 2014 with over $748 million in loans closed. 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, New Jersey, Pennsylvania, Maine, Ohio, Illinois, Wisconsin, and California. For more information, please visit www.hhcfinance.com or email firstname.lastname@example.org.