HFC announces the recent closing of the construction loan financing for Swansboro House in Onslow County, North Carolina. This facility will have 80 licensed beds, with 24 beds being Secured Assisted Living. This secure area will feature specialized programs and services for residents diagnosed with Alzheimer’s or other forms of dementia. Swansboro is set to open in Spring of 2019.
The project will be developed and managed by a regional Operator in the Southeast. HFC arranged the senior debt financing, negotiated loan terms, and assisted with settlement.