HHC Finance Closes $20.5 Million HUD Loan in Ohio
North Bethesda, MD, March 2017 - Housing & Healthcare Finance (HHC Finance), one of the leading HUD healthcare lenders in the country, closed a $20.5 million HUD loan for 3 skilled nursing facilities in Ohio. The 3 facilities have a total of 267 beds.
HHC Finance refinanced the existing conventional debt at the facilities 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 lenders in the country with well over $1.3 billion in closed HUD loans over the past 3 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.
HHC Finance is headquartered in North Bethesda, MD and has additional offices in New York, New Jersey, Pennsylvania, North Carolina, Ohio, Illinois, Texas, and California. For more information, please visit www.hhcfinance.com or email firstname.lastname@example.org.