HHC Finance Closes $11 Million HUD Loan in Florida
CHEVY CHASE, MD, June 2015 - Housing & Healthcare Finance (HHC Finance), the #1 HUD healthcare lender in the country, closed on an $11 million HUD loan to refinance the conventional debt of a skilled nursing facility located in the Miami, Florida area. The existing debt was refinanced by HHC Finance through HUD's 232/223(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 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, Pennsylvania, New Jersey, Ohio, Illinois, Wisconsin, and California. For more information, please visit www.hhcfinance.com or email firstname.lastname@example.org.