$4,438,000 Acquisition and Construction Loan for Gardens of Pamlico

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.

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