HFC proudly announces the settlement of a conventional loan for the acquisition and renovation of Woodland Place, an assisted living and memory care facility located in Greensboro, NC. This 96 bed facility was purchased with plans to perform $1,300,000 in renovations to modernize the building. This $4,080,000 loan accrues interest at LIBOR + 3%, floating.
HFC is proud to announce the closing of a $13,200,000 permanent loan for the refinancing of Runk and Pratt of Forest. Runk & Pratt of Forest is a 76 bed assisted living facility, adjacent to Lynchburg in Bedford County, Virginia that specializes in the care of elderly residents with Alzheimer’s disease or other memory impairments. The financing […]
HFC proudly announces the settlement of a conventional loan for Rose Tara Plantation located in King, NC. Rose Tara, a facility specializing in providing services for memory care residents, refinanced this 57 bed property with commercial bank financing at a fixed rate of 5%. HFC served as financing advisor locating the lender, negotiating loan terms, and assisting with settlement. For more information on this […]