$11,775,000 Refinance for Smith Mountain Lake Retirement Village

HFC proudly announces the November 30, 2015 settlement of a conventional loan for Smith Mountain Lake Retirement Village located in Hardy, Virginia.  R & P SML Facility, LLC and Runk & Pratt of Smith Mountain Lake, Inc. refinanced this high quality 80 bed Assisted Living and Memory Care Facility with traditional bank financing, and lowered their effective interest rate from 5.93% fixed to 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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