HHC Finance Closes a $10.2 Million HUD Loan for a Skilled Nursing Facility in Ohio

North Bethesda, MD, July 2020 
Housing & Healthcare Finance (HHC Finance), a leading HUD healthcare and multifamily lender, recently announced the closing of a $10.2 million HUD loan for a 93-bed skilled nursing facility in Ohio.

The experienced borrower was able to replace substantially higher rate conventional debt with a low-interest, non-recourse, long-term HUD loan.

About Housing & Healthcare Finance, LLC

Founded in 2002, Housing & Healthcare Finance, LLC (HHC Finance) is a commercial finance company headquartered in the Washington, DC area with additional offices throughout the country.  HHC Finance provides expert commercial lending solutions to healthcare, multifamily, and senior housing companies nationwide.

In addition to being a leading HUD lender, we provide bridge loans, revolving lines of credit, and mezzanine financing through our Capital Advisory Group (CAG) which is led by Isaac Haas and Neil Gamss.  Our industry expertise and rapid execution capabilities allow us to deliver innovative, flexible, and timely financings to our clients.

The team at Housing & Healthcare Finance recently announced the closing of a $22 million HUD LEAN loan for a 120-bed skilled nursing facility in Florida.  The facility was built in 2015 and has an occupancy in the high 80's.

HHC Finance refinanced the experienced borrower's existing conventional debt on the facility through HUD's 232/223(f) program.  The fixed-rate, non-recourse HUD loan lowered the borrower's interest rate and extended the debt's term for a substantially longer period.