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 […]
HFC is proud to announce the closing of a $14,150,000 construction loan for the development of Hampton Manor of Chesapeake. Hampton Manor will be a premiere assisted living facility offering 97 units in Chesapeake, Virginia. The developer, Shahid Imran of Build Senior Living, will also own and operate this community, his third in the state […]
Health Financing Consultants is proud to announce the closing of Caraway Manor, a 32-bed assisted living facility located in Elkton, Maryland. Caraway Manor received a $2,400,000 loan with a fixed interest rate of 6.75%. HFC sourced the acquisition loan, assisted with organizational documentation and helped negotiate loan terms.
HFC congratulates RenCare Solutions on the refinance of Jonas Ridge Assisted Living. This 57-bed facility is located in Jonas Ridge, North Carolina and has a loan amount of $3,000,000 with a floating interest rate. HFC acted as an advisor to the refinance, sourced the lender, and assisted with closing.