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 is proud to announce the closing of a $12,750,000 term loan for The Inn at Fountain Park in Bryan, Ohio. Premier Senior Living approached HFC with a request to refinance three HUD financed assisted living facilities. The purpose of the request was to generate enough capital for Premier to execute on purchase agreements for […]
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 congratulates Mayfair Manor, Inc on the sale of it’s assisted living facility located in Portsmouth, VA. Mayfair has a license for 55 beds, and will continue to run as an assisted living facility under the new owner. HFC provided advisory services regarding options for achieving Mayfair’s business plan and further negotiated the restructuring of […]
HFC congratulates Carolina Alliance for Residential Excellence, LLC (C.A.R.E) on the purchase of Brookstone Haven of Star, a 54 unit assisted living and memory care community, located in Star, NC. HFC sourced the financing for the acquisition, assisted in negotiating loan terms, and expedited the loan closing process. For more information about C.A.R.E, please visit […]
HFC is proud to announce the closing of a $15,924,200 HUD 232/223(f) program loan for Runk and Pratt’s Pearls of Life. This state of the art memory care facility is located in Lynchburg, Virginia and is licensed for 84 beds. This non-recourse loan bears a 35 year fixed rate of 2.82% plus MIP, a 1% […]
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 […]