Housing & Healthcare Finance Closes $16.0 Million HUD Financing for a Skilled Nursing Facility in Pennsylvania
CHEVY CHASE, MD, September 2014 - Housing & Healthcare Finance, LLC (HHC Finance), the nation’s leading HUD LEAN lender, announced the closing of a $16.0 million HUD loan to refinance the existing conventional debt of a skilled nursing facility located in Pennsylvania. 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 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, Maine, Ohio, Illinois, Wisconsin, and California. For more information, please visit www.hhcfinance.com or email email@example.com.