$15,924,200 HUD 232/223(f) Loan Closing for Runk and Pratt’s Pearls of Life

HFC is proud to announce the closing of a $15,924,200 HUD 232/223(f) program loan for Runk and Pratt’s Pearls of Life. This state of the art memory care facility is located in Lynchburg, Virginia and is licensed for 84 beds. This non-recourse loan bears a 35 year fixed rate of 2.82% plus MIP, a 1% reduction of the current interest rate. HFC sourced the lender, acted as advisor to the borrower, and expedited the approval and closing of the transaction.

To learn more about Runk and Pratt Senior Living Communities, please visit their website: www.runkandpratt.com

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