Housing & Healthcare Finance Closes $7.8 Million HUD Refinancing for Summerhill Assisted Living

Chevy Chase, MD, March 2014 - Housing & Healthcare Finance, LLC (HHC Finance), the nation’s leading HUD LEAN lender, announced today it closed a 223(a)(7) HUD refinancing for Summerhill Assisted Living.  The refinancing significantly lowered Summerhill's interest rate.  The property was substantially renovated and expanded in 2009 with a HUD insured Section 232 loan.  The original note had an unusual prepayment penalty schedule.  "While no HUD transaction is easy, HHC Finance handled this financing smoothly and efficiently and provided excellent customer service," said Frank Murphy, Principal of Summerhill.

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, Florida, Maine, Ohio, Illinois, Wisconsin, and California. For more information, please visit www.hhcfinance.com or email info@hhcfinance.com.