HHC Finance Closes $13.3 Million HUD Loan For Multifamily Property In Texas

North Bethesda, MD, July 2021 
Housing & Healthcare Finance (HHC Finance), a leading HUD multifamily and healthcare lender, recently announced the closing of a $13.3 million HUD 223(f) loan for a 110-unit multifamily property in Texas.

The experienced borrower was able to refinance its conventional debt with a non-recourse, lower-rate HUD loan.

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 multifamily, healthcare, and seniors 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) which is led by Isaac Haas and Neil Gamss.  Clients benefit from the Group's longstanding lender relationships to get the best pricing available, maximize loan-to-value, and capitalize on strategic investment opportunities.

The team at Housing & Healthcare Finance recently announced the closing of a $22 million HUD LEAN loan for a 120-bed skilled nursing facility in Florida.  The facility was built in 2015 and has an occupancy in the high 80's.

HHC Finance refinanced the experienced borrower's existing conventional debt on 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 substantially longer period.