HHC Finance Closes $20 Million HUD Loan for Skilled Nursing Facility in Pennsylvania
North Bethesda, MD, December 2019 - Housing & Healthcare Finance (HHC Finance), one of the leading HUD healthcare and multifamily lenders in the country, is pleased to announce the successful closing of a $20 million HUD loan for a 172-bed skilled nursing facility in Pennsylvania.
HHC Finance refinanced the existing conventional debt at 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 significantly longer period.
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.