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 $34,700,000 loan refinancing Meadowcrest at Middletown, a Vantage Point Retirement Living Community. This BEAUTIFUL 132-unit community has a mix of independent living, assisted living, and memory care. The loan represented 75% loan to value, at a floating rate of SOFR plus 350 bp. HFC sourced the lender and […]
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 […]
HFC proudly announces the closing of a $34,700,000 commercial loan for the construction of Fieldstone at Chester Springs, a Vantage Point Retirement Living Community. Fieldstone will consist of 106 premium, independent living, assisted living, and memory care units in Chester Springs, Pennsylvania. The loan represented 75% loan to cost, at a floating rate of SOFR […]
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 […]
HFC announces the closing of a conventional construction financing for the development of The Lodge at Truitt Homestead, a state of the art senior independent living facility, located in Rehoboth Beach, Delaware. The construction loan for The Lodge At Truitt Homestead is $20,200,000 with an additional $1,000,000 revolving line of credit. This unique Independent Living Community […]