HHC Finance Closes $69 Million Portfolio of 5 HUD Loans in New Jersey
CHEVY CHASE, MD, January 2016 - Housing & Healthcare Finance (HHC Finance), the leading HUD healthcare lender in the country, closed on a portfolio of 5 HUD loans totaling $68.5 million in January. The loans which were all 232/223f's were used to finance the acquisition of 5 skilled nursing facilities in New Jersey. By working very closely with HUD and the borrower, HHC Finance was able to get the 30 year, non-recourse, fixed rate loans closed to meet the tight deadline of the experienced borrower. The 5 skilled nursing facilities have a total of 703 beds and 345 units. All of the loans were closed with interest rates in the mid-3% range.
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 email@example.com.