HHC Finance Closes $32 Million HUD Loan in Louisiana
North Bethesda, MD, May 2017 - Housing & Healthcare Finance (HHC Finance), one of the leading HUD healthcare lenders in the country, closed a $32.1 million scattered HUD loan for 3 skilled nursing facilities just outside of New Orleans, LA. The 3 facilities which are nearby one another have a total of 437 beds and 318 units.
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.