HFC is pleased to announce the closing of a refinancing of Willow Ridge for Runk & Pratt Senior Services in Lynchburg, VA. HFC sourced the lender on this transaction as well as assisting with negotiation of terms and the closing process. Proceeds from this loan were used to refinance the original loan used for the […]
HFC congratulates Legacy Ridge Memory Care on its recent loan closing. Legacy Ridge is a 64-unit freestanding memory care building in Gainesville, Virginia. Due to the pandemic, Legacy Ridge was still in fill-up when their original construction loan matured. Their lender required a $2,000,000 paydown which was provided by two investor/partners in order to obtain […]
HFC is proud to announce the closing of a $12,750,000 term loan for The Inn at Fountain Park in Bryan, Ohio. Premier Senior Living approached HFC with a request to refinance three HUD financed assisted living facilities. The purpose of the request was to generate enough capital for Premier to execute on purchase agreements for […]
HFC proudly announces the closing of a $10,521,700 loan refinancing the Cottages of Perry Hall, a Charter Senior Living Community. This loan was closed through the HUD 232/233(f) program which offers 35 year fixed rates and no calls. This loan has an interest rate of 5.7% plus MIP. HFC compiled the application, assisted in underwriting, […]
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HFC proudly announces the closing of a $34,700,000 loan refinancing Meadowcrest at Middletown, a Vantage Point Retirement Living Community. This BEAUTIFUL 132-unit community has a mix of independent living, assisted living, and memory care. The loan represented 75% loan to value, at a floating rate of SOFR plus 350 bp. HFC sourced the lender and […]
HFC proudly announces the closing of a $34,500,000 Term Loan and $1,000,000 Line of Credit for Arcadia at Limerick Pointe. This 160-unit, independent/assisted living/memory care community is located in Montgomery County, Pennsylvania. Arcadia was facing maturity of its construction loan without the option to extend. HFC located the source that offered a 5-year term with 2 […]
HFC congratulates Hampton Manor on the closing of a $2,100,000 increase on their existing $10MM construction loan for their Assisted Living Facility located in Williamsburg, VA. This 87-unit Facility will have 30 units dedicated to Memory Care. The Community will open in the first quarter of 2024. HFC negotiated the increase needed to cover additional […]
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 […]
HFC is proud to announce the closing of a refinance for Twin Cedar Assisted Living in Shohola, PA. The principal amount of this loan is $5,100,000 with a 25-year amortization period. The new term loan paid off a floating rate SBA loan. The new loan rate was fixed at 6.75% for 5 years. HFC sourced […]