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 […]
HFC is proud to announce the closing of a $14,150,000 construction loan for the development of Hampton Manor of Chesapeake. Hampton Manor will be a premiere assisted living facility offering 97 units in Chesapeake, Virginia. The developer, Shahid Imran of Build Senior Living, will also own and operate this community, his third in the state […]
HFC congratulates RenCare Solutions on the refinance of Jonas Ridge Assisted Living. This 57-bed facility is located in Jonas Ridge, North Carolina and has a loan amount of $3,000,000 with a floating interest rate. HFC acted as an advisor to the refinance, sourced the lender, and assisted with closing.
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 […]
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 […]