HFC is proud to announce the closing of a $18,956,000 loan for the refinancing of Runk and Pratt of Smith Mountain Lake through the Fannie Mae Program. This state of the art senior living community is located in Hardy, Virginia and is licensed for 115 beds that cater to assisted living and memory care.
This non-recourse loan bears a low 10 year fixed rate of 3.59%. HFC sourced the lender and acted as advisor to the borrower in order to expedite the approval and closing of the transaction, which occurred on April 9, 2020.
For more information about this community and Runk and Pratt Senior Living, please go to: https://runkandpratt.com/