Housing & Healthcare Finance Closes $46.1 Million in HUD Financing for Sabra Health Care REIT
CHEVY CHASE, MD, January 2014 - Housing & Healthcare Finance, LLC (HHC Finance), one of the nation’s leading HUD LEAN lenders, announced today it closed 5 HUD loans totaling $46.1 million for Sabra Health Care REIT. The HUD 232/223(f) loans, which refinanced existing variable rate mortgage debt that was coming due in August 2015, have an average rate of 4.25% with maturities ranging from 2038 to 2043. The 5 properties are located in New Mexico (2), Montana, Colorado, and California. The financing reduced Sabra's permanent debt cost to 5.11% from 6.04%.
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, Florida, Maine, Ohio, Illinois, Wisconsin, and California. For more information, please visit www.hhcfinance.com or email email@example.com.