HFC congratulates Runk & Pratt on their recent closing of a $36,500,000 term loan for Liberty Ridge, a 171 unit/200 bed IL/AL senior living community in Lynchburg, Virginia. The community was developed by Smith Packett in 2013, with Runk & Pratt as the lessee and operator. In 2017, Mr. Runk exercised his buy option. HFC […]
HFC proudly announces the closing of a $10,521,700 loan refinancing the Cottages of Perry Hall, a Charter Senior Living Community. This loan was closed through the HUD 232/233(f) program which offers 35 year fixed rates and no calls. This loan has an interest rate of 5.7% plus MIP. HFC compiled the application, assisted in underwriting, […]
HFC proudly announces the closing of a $34,500,000 Term Loan and $1,000,000 Line of Credit for Arcadia at Limerick Pointe. This 160-unit, independent/assisted living/memory care community is located in Montgomery County, Pennsylvania. Arcadia was facing maturity of its construction loan without the option to extend. HFC located the source that offered a 5-year term with 2 […]
Health Financing Consultants is proud to announce the closing of a loan for Columbia Cottage of Wyomissing, located in Reading, PA. The principal amount of this 5-year term loan was $6,350,000 with a fixed interest rate of 6.35%. HFC located the lender, negotiated pricing and repayment terms, and worked with the appraiser and Bank legal […]
HFC is proud to announce the closing of a $14,150,000 construction loan for the development of Hampton Manor of Chesapeake. Hampton Manor will be a premiere assisted living facility offering 97 units in Chesapeake, Virginia. The developer, Shahid Imran of Build Senior Living, will also own and operate this community, his third in the state […]