Housing & Healthcare Finance Provides $14.5 Million HUD Loan to Skilled Nursing Facility in Illinois
CHEVY CHASE, MD, November 2013 - Housing & Healthcare Finance, LLC (HHC Finance), a leading HUD LEAN lender, today announced the closing of a $14.5 million HUD loan to refinance the existing HUD debt of a 259 bed skilled nursing facility located in Illinois. The existing debt was refinanced by HHC Finance through HUD's 223(a)(7) program. The permanent refinancing lowered the borrower's interest rate by over 1% which will result in significant debt service savings over the term of the loan.
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.