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$6,545,000 HUD Program 232 a(7) non-recourse Rate Reset loan

$6,545,000 HUD Program 232 a(7) non-recourse Rate Reset loan for a fifty-seven (57) unit, one hundred twenty (120) bed skilled nursing facility in Virginia.  The interest rate decline to 2.88% had a net effect of reducing debt service by 14.3%.  More importantly to the client, increasing the note amount covered a major portion of the […]

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$12,105,000 in term loans to refinance four (4) assisted living facilities

$12,105,000 in term loans to refinance four (4) assisted living facilities in Virginia.  These commercial bank financings generated $1,875,000 in new capital for the company, while simultaneously lowering debt service by 46%.  HFC achieved these results through negotiated lower interest rates, extended amortization, and limiting closing costs.  Concurrently, HFC assisted in the negotiation and implementation […]