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 […]
Tag Archives: Pennsylvania
$6,350,000 Refinance for Columbia Cottage Wyomissing
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 […]
Refinance of Twin Cedar Assisted Living
HFC is proud to announce the closing of a refinance for Twin Cedar Assisted Living in Shohola, PA. The principal amount of this loan is $5,100,000 with a 25-year amortization period. The new term loan paid off a floating rate SBA loan. The new loan rate was fixed at 6.75% for 5 years. HFC sourced […]
$7,000,000 Refinance with Columbia Cottages of Hanover
HFC is proud to announce the closing of Columbia Cottages of Hanover, a Horst Senior Care Property. This $7,000,000 refinance has a 75% loan to value and carries a 5 year fixed rate of 5.25%. The financing was closed in two months. HFC sourced the lender, acted as an advisor to the deal, and assisted […]
$34,700,000 Commercial Loan for Fieldstone at Chester Springs
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 […]
Lease on Palmyra Heritage House
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 […]
$3,000,000 Refinance of Palmstown Manor Senior Living
HFC proudly announces the settlement of a term loan for Palmstown Manor Senior Living located in Palmyra, Pennsylvania. This new “state of the art” assisted living community has 33 units, with 7 units dedicated to memory care, and is halfway through its fill-up. HFC’s financing solution allowed the Owner to realize approximately $500,000 in new capital while repaying his construction loan and lowering his overall monthly debt service payment. Serving as the […]