Housing & Healthcare Finance Closes $5.7 Million HUD 232/223(f) Financing for a Skilled Nursing Facility in Ohio
Chevy Chase, MD, December 2014 - Housing & Healthcare Finance, LLC (HHC Finance), the #1 HUD healthcare lender in the country, announced the closing of a $5.7 million HUD loan to refinance the existing conventional debt of a skilled nursing facility located in the Cleveland, Ohio area. The existing debt was refinanced by HHC Finance 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 the leading HUD healthcare lender in the U.S. finishing HUD’s FY 2014 with over $748 million in loans closed. 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. 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 email@example.com.