HFC announces the recent closing of the construction loan financing for Winchester House Assisted Living Home located in Mills River, North Carolina. This senior retirement facility will contain 55 units consisting of 47 private units and 8 semi- private units. Its opening is scheduled for March 2018. The project will be developed by Directed Capital and will be managed by […]
HFC announces the recent closing of the construction loan financing for The Retreat at Lady’s Island, Beaufort, South Carolina. This 83 bed licensed senior retirement facility contains 59 standard assisted living beds and 24 memory care beds. Its opening is scheduled for February 2018. The project will be developed by Connexion Senior Living and will be managed by Affinity Living […]
HFC announces that President and CEO, Kathy Shields, will be speaking on a panel discussing current financing issues in the senior health industry at the Southeast Finance Conference in Atlanta, Georgia this coming February. For more information on how to participate, see the following link: http://www.sefconference.com.
HFC proudly announces the settlement of a term loan for Palmstown Manor Senior Living located in Palmyra, Pennsylvania. This new “state of the art” assisted living community has 33 units, with 7 units dedicated to memory care, and is halfway through its fill-up. HFC’s financing solution allowed the Owner to realize approximately $500,000 in new capital while repaying his construction loan and lowering his overall monthly debt service payment. Serving as the […]
HFC announces the December 2016 closing of a conventional construction financing for the development of Bryson Senior Living, an assisted living facility located in Swain County, North Carolina. The construction loan for Bryson City is $4,240,000 and is accompanied by a $190,000 note for furniture, fixtures, and equipment. This assisted living facility will have 33 units with […]
HFC announces the November 2016 closing of a conventional construction financing for the development of Indigo Hall, a state of the art assisted living facility, located in the James Island section of Charleston, South Carolina. The construction loan for Indigo Hall is $22,657,598. This assisted living facility will have 156 units, 40 of which will be on […]
HFC proudly announces the settlement of a conventional loan for the acquisition and renovation of Woodland Place, an assisted living and memory care facility located in Greensboro, NC. This 96 bed facility was purchased with plans to perform $1,300,000 in renovations to modernize the building. This $4,080,000 loan accrues interest at LIBOR + 3%, floating.
HFC is proud to announce the closing of a $13,200,000 permanent loan for the refinancing of Runk and Pratt of Forest. Runk & Pratt of Forest is a 76 bed assisted living facility, adjacent to Lynchburg in Bedford County, Virginia that specializes in the care of elderly residents with Alzheimer’s disease or other memory impairments. The financing […]
HFC proudly announces the settlement of a conventional loan for Rose Tara Plantation located in King, NC. Rose Tara, a facility specializing in providing services for memory care residents, refinanced this 57 bed property with commercial bank financing at a fixed rate of 5%. HFC served as financing advisor locating the lender, negotiating loan terms, and assisting with settlement. For more information on this […]