Housing & Healthcare Finance Closes $19.4 Million HUD Loan in New Jersey

Chevy Chase, MD, July 2014 - Housing & Healthcare Finance (HHC Finance) recently closed a $19.4 million 232/223(f) HUD loan for a 189 bed skilled nursing facility located in Lincoln Park, New Jersey.  The facility was purchased in 2012 by Center Management Group which is based in Flushing, New York.  The facility has 2 buildings, the second of which was completed in June 2013 and is designated for short term/rehab beds.  The fixed-rate 35 year HUD loan refinanced the facility’s higher rate, shorter term conventional acquisition debt as well as capital expenditures.

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 info@hhcfinance.com.