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$11,500,000 Refinance for Runk & Pratt of Lynchburg

HFC proudly announces the November 30, 2015 settlement of a conventional loan for Runk & Pratt of Lynchburg located in Lynchburg, Virginia.  R & P Lynchburg, LP and Runk & Pratt Health Care Enterprises, Inc. refinanced this high quality 80 bed assisted living facility with traditional bank financing, and lowered their effective interest rate from 5.93%  fixed to a prime +1/2%.  The borrower collected significant excess proceeds to provide capital for future projects.  HFC served as financing advisor negotiating loan terms and assisting with settlement.  Operational Management of the project is provided by Runk & Pratt Senior Living Communities.  For more information on this property, visit their website at http://www.runkandpratt.com

 

 

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