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 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 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 $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 $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 $13,200,000 permanent loan for the refinancing of Runk and Pratt of Forest. Runk & Pratt of Forest is a 76 bed assisted living facility, adjacent to Lynchburg in Bedford County, Virginia that specializes in the care of elderly residents with Alzheimer’s disease or other memory impairments. The financing […]