HHC Finance Closes $4.9 Million HUD Loan in Texas
North Bethesda, MD, May 2018 - Housing & Healthcare Finance (HHC Finance), one of the leading HUD healthcare lenders in the country, recently closed a $4.86 million HUD loan for a 32 bed assisted living and memory care facility located 15 miles south of Austin, Texas.
The facility was built in 2014 by New Haven Assisted Living and has consistently operated with occupancy in the mid 90% range.
"We were very fortunate to work with HHC Finance during the refinancing process; their firm was effective in helping us navigate the HUD process," said Justin Yarmark, Chief Executive Officer of New Haven Assisted Living.
"Additionally, we appreciate HHC's willingness and commitment to have all members of their team work towards getting the loan closed in a timely manner without incurring any excessive costs or fees."
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 last 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.