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.
Category Archives: Recent Transactions
$13,200,000 HUD Loan Closing for Runk & Pratt of Forest, located in Forest, Virginia
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 […]