$1,200,000 Pre-Development Line of Credit for Fahrney Keedy

HFC proudly announces the closing of a $1,200,000 pre-development line of credit for Fahrney Keedy Home & Village of Boonsboro, MD (FKHV).  FKHV anticipates a campus-wide expansion and renovation of its facilities and service offerings over the next five years. HFC, as FKHV’s exclusive financing advisor, will be an integral part of the planning and […]

Sale of Autumn Assisted Living at Wildewood to Sentio Investments

HFC Congratulates the Wildewood Operating Company on the sale of Autumn Assisted Living at Wildewood to Sentio Investments, a real estate investment trust.  HFC acted as advisor to the seller on the $9,650,000 sale.  This 48 unit property in California, MD has been renamed “Spring Village of Wildewood” and is being operated by Woodbine Senior […]

Lease Transaction Advisor for newly constructed seniors housing community consisting of 159 units, of assisted living, Alzheimers care and independent apartments

HFC congratulates Runk & Pratt on the continued success in filling its newest project, Liberty Ridge in Lynchburg, Va. HFC acted as advisor for Runk & Pratt in its lease negotiations with the project developer. More information on Liberty Ridge, its products and services can be found on their website:  www.libertyridgeretirement.com/

$2,108,792 HUD Section 232 Note Modification for a Maryland skilled nursing facility

Egle Nursing Home, a 66 bed skilled nursing facility in Lonaconing, Maryland, had a HUD guaranteed loan in place with a 6.5% interest rate.  Given upcoming changes in Maryland’s Medicaid reimbursement system, finding opportunities to reduce costs became critical.  HFC suggested HUD’s new, low cost Note Modification program through their existing lender to reset the […]

$3,841,300 HUD Section 232/(a)7 refinance for a 63 bed skilled nursing facility together with the approval of a $300,000 Line of Credit

Mid-Atlantic Healthcare, a growing chain of skilled nursing facilities purchased Chapel Hill Nursing and Rehabilitation Center in Randallstown, Maryland in June 2008, subject to a HUD guaranteed financing already in place. At that time, HFC had obtained the Transfer of Physical Assets approval from HUD to permit the purchase. HFC suggested that Mid-Atlantic pursue an […]

$6,545,000 HUD Program 232 a(7) non-recourse Rate Reset loan

$6,545,000 HUD Program 232 a(7) non-recourse Rate Reset loan for a fifty-seven (57) unit, one hundred twenty (120) bed skilled nursing facility in Virginia.  The interest rate decline to 2.88% had a net effect of reducing debt service by 14.3%.  More importantly to the client, increasing the note amount covered a major portion of the […]

$12,105,000 in term loans to refinance four (4) assisted living facilities

$12,105,000 in term loans to refinance four (4) assisted living facilities in Virginia.  These commercial bank financings generated $1,875,000 in new capital for the company, while simultaneously lowering debt service by 46%.  HFC achieved these results through negotiated lower interest rates, extended amortization, and limiting closing costs.  Concurrently, HFC assisted in the negotiation and implementation […]