Housing & Healthcare Finance Closes $6.5 Million HUD Refinancing for a 119 Bed SNF in Illinois

Chevy Chase, MD, May 2014Housing & Healthcare Finance, LLC (HHC Finance), the nation’s leading HUD LEAN lender, today announced the closing of a $6.5 million HUD loan to refinance the existing HUD loan of a 119 bed skilled nursing facility located in Illinois. The existing HUD debt was refinanced by HHC Finance through HUD's 223(a)(7) program.  The refinancing significantly lowered the borrower's interest rate.

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.