$13,207,900 HUD A7 Loan Closing for Runk and Pratt of Forest

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, […]

$15,350,000 Acquisition Loan for the Pearls of Life Memory Care Facility

The HFC Team congratulates Runk and Pratt Senior Living Communities on the acquisition of the beautiful Pearls of Life Memory Care Facility located in Lynchburg, Virginia. Pearls of Life at Liberty Ridge, first opened in November 2017, contains 78 units. Runk and Pratt has operated the property since inception. This modern Memory Care facility boasts […]

$11,500,000 Refinance for Runk & Pratt of Lynchburg

HFC proudly announces the November 30, 2015 settlement of a conventional loan for Runk & Pratt of Lynchburg located in Lynchburg, Virginia.  R & P Lynchburg, LP and Runk & Pratt Health Care Enterprises, Inc. refinanced this high quality 80 bed assisted living facility with traditional bank financing, and lowered their effective interest rate from 5.93%  fixed to a […]

$11,775,000 Refinance for Smith Mountain Lake Retirement Village

HFC proudly announces the November 30, 2015 settlement of a conventional loan for Smith Mountain Lake Retirement Village located in Hardy, Virginia.  R & P SML Facility, LLC and Runk & Pratt of Smith Mountain Lake, Inc. refinanced this high quality 80 bed Assisted Living and Memory Care Facility with traditional bank financing, and lowered their […]