For years HFC has supported the availability of quality senior living communities in Crozet, VA and specifically this assisted living community. In 2017, HFC was engaged to advise the Jefferson Area Board of Aging (JABA) in selling the property to a qualified senior housing operator. English Meadows Senior Living (EMSL) was the perfect match as […]
HFC is pleased to announce the closing of a refinancing of Willow Ridge for Runk & Pratt Senior Services in Lynchburg, VA. HFC sourced the lender on this transaction as well as assisting with negotiation of terms and the closing process. Proceeds from this loan were used to refinance the original loan used for the […]
HFC congratulates Legacy Ridge Memory Care on its recent loan closing. Legacy Ridge is a 64-unit freestanding memory care building in Gainesville, Virginia. Due to the pandemic, Legacy Ridge was still in fill-up when their original construction loan matured. Their lender required a $2,000,000 paydown which was provided by two investor/partners in order to obtain […]
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 is proud to announce the closing of a $10,000,000 construction loan for Hampton Manor of Williamsburg. This premier assisted living and memory care facility is located in Williamsburg, VA with 91 units. HFC sourced the lender, acted as advisor to the borrower, and expedited the approval and closing of the transaction.
HFC is pleased to announce the acquisition of operations for Palmyra Heritage House located in Palmyra, Pennsylvania to Culture Care Senior Living. Culture Care adds Palmyra Heritage to its existing Pennsylvania senior housing properties, Twin Cedars in Shohola and Briarwood Senior Living in Newfoundland. HFC provided advisory services in connection with the successful negotiation of […]
HFC is proud to announce the closing of a $13,168,000 HUD A7 program loan for Runk and Pratt at Leesville Road. Located in Lynchburg, Virginia, this assisted living and memory care facility is licensed for 94 beds. This non-recourse loan bears a 35 year fixed rate of 3.03%, saving the client over $100,000 annually in […]
HFC is proud to announce the closing of a $750,000 Line of Credit for Diamond Medical Laboratories. The Company offers high quality, cost effective mobile phlebotomy and laboratory healthcare services to Maryland and the Washington DC area. Diamond Medical Laboratories is on the front lines of COVID-19 testing and has administered thousands of tests to […]
HFC is proud to announce the closing of a $13,207,900 HUD A7 loan for Runk and Pratt of Forest. Located in Forest, Virginia, this memory care facility is licensed for 84 beds. This non-recourse loan bears a 35 year fixed rate of 2.63% plus MIP. HFC sourced the lender, acted as advisor to the borrower, […]
HFC is proud to announce the closing of a $18,956,000 loan for the refinancing of Runk and Pratt of Smith Mountain Lake through the Fannie Mae Program. This state of the art senior living community is located in Hardy, Virginia and is licensed for 115 beds that cater to assisted living and memory care. This […]