HFC is proud to announce the closing of a $5,510,000 permanent loan for the refinancing of HeartHomes Assisted Living. HeartHomes has three facilities located in Anne Arundel County, Maryland with a total of 64 units. The financing was executed through the HUD 232 Scattered Site loan guarantee program.
This non-recourse loan bears interest at a fixed rate of 3.75% with a 35 year amortization. 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 March 6, 2020. For more information about HeartHomes Assisted Living , visit http://www.hearthomes.com/