HHC Finance Closes $7.8 Million HUD Loan in Massachusetts
CHEVY CHASE, MD, April 2016 - Housing & Healthcare Finance (HHC Finance), the leading HUD healthcare lender in the country, closed on a $7.8 million HUD loan for an 89 bed skilled nursing facility located in Massachusetts. The 232/223(f) loan was used to refinance the high rate conventional debt at the facility. The fixed rate, non-recourse, fully amortizing loan lowered the borrower's interest rate substantially 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 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 firstname.lastname@example.org.