HHC Finance Closes $29 Million HUD Loan for Multifamily Property in New Jersey
North Bethesda, MD, May 2018 - Housing & Healthcare Finance (HHC Finance), one of the leading HUD LEAN and multifamily lenders in the country, recently announced the closing of a $28.8 million HUD loan for a 385 unit, market rate mulitfamily property in New Jersey. The occupancy at the property has been in the mid 90's over the last several years.
HHC Finance refinanced the existing conventional debt on the building through HUD's 207/223(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 and multifamily lenders in the country with well over $1.3 billion in closed HUD loans over the last 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.
HHC Finance is headquartered in North Bethesda, MD and has additional offices in New York, New Jersey, Pennsylvania, North Carolina, Ohio, Illinois, Texas, and California. For more information, please visit www.hhcfinance.com or email firstname.lastname@example.org.