HFC announces the November 3, 2015 settlement of a conventional financing for the acquisition and expansion of Gardens of Pamlico Assisted Living Facility located in Grantsboro, North Carolina. The loan consisted of purchase money of $2,390,968 and a construction loan portion of $2,047,032. Grantsboro Propco Holdings LLC purchased the existing 40 bed assisted living/memory care project with a design concept already in the works for 30 new assisted living beds to be contained in a separate building. HFC served as financing advisor in arranging the Bank financing. Management will be provided by Meridian Senior Living.