HHC Finance Closes $8.7 Million HUD Loan for Supportive Living Facility in Illinois
North Bethesda, MD, April 2019 - Housing & Healthcare Finance (HHC Finance), one of the leading HUD LEAN and multifamily lenders in the country, is pleased to announce the successful closing of a $8.7 million HUD loan for a 156 bed supportive living facility in Florida.
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). Our industry expertise and rapid execution capabilities allow us to deliver innovative, flexible, and timely financings to our clients.