Health Financing Consultants is proud to announce the closing of a loan for Columbia Cottage of Wyomissing, located in Reading, PA.
The principal amount of this 5-year term loan was $6,350,000 with a fixed interest rate of 6.35%.
HFC located the lender, negotiated pricing and repayment terms, and worked with the appraiser and Bank legal team to facilitate closing.
Columbia Cottage has been serving Pennsylvania Seniors for over 20 years. The Cottages offer 10 levels of care and are licensed assisted living communities. This designation allows Columbia Cottage to care for Seniors who otherwise would have to move into a skilled nursing facility. The home-like settings and outstanding care staff at Columbia Cottage offer peace of mind to the families they serve. For more information about Columbia Cottages, please click here.