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$20,200,000 Construction Financing and $1,000,000 Line of Credit for The Lodge at Truitt Homestead

HFC announces the closing of a conventional construction financing for the development of The Lodge at Truitt Homestead, a state of the art senior independent living facility, located in Rehoboth Beach, Delaware. The construction loan for The Lodge At Truitt Homestead is $20,200,000 with an additional $1,000,000 revolving line of credit. This unique Independent Living Community will have 85 luxury apartments and will offer superior amenity packages to its residents and surrounding neighbors.  Through Beebe Healthcare, a variety of wellness services will be offered onsite and can be customized for each resident. This allows seniors to have access to quality healthcare while maintaining their independent lifestyle in a residential setting. The Lodge is set to open in the Summer of 2019.

HFC arranged the financing and assisted with both the negotiation of loan terms and settlement. The new facility will be managed by Vantage Point Retirement Living, Inc. To learn more about this community please visit Vantage Point’s website at www.vpretirement.com

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