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 […]
For years HFC has supported the availability of quality senior living communities in Crozet, VA and specifically this assisted living community. In 2017, HFC was engaged to advise the Jefferson Area Board of Aging (JABA) in selling the property to a qualified senior housing operator. English Meadows Senior Living (EMSL) was the perfect match as […]
HFC is pleased to announce the closing of a refinancing of Willow Ridge for Runk & Pratt Senior Services in Lynchburg, VA. HFC sourced the lender on this transaction as well as assisting with negotiation of terms and the closing process. Proceeds from this loan were used to refinance the original loan used for the […]
HFC congratulates Legacy Ridge Memory Care on its recent loan closing. Legacy Ridge is a 64-unit freestanding memory care building in Gainesville, Virginia. Due to the pandemic, Legacy Ridge was still in fill-up when their original construction loan matured. Their lender required a $2,000,000 paydown which was provided by two investor/partners in order to obtain […]
HFC congratulates Hampton Manor on the closing of a $2,100,000 increase on their existing $10MM construction loan for their Assisted Living Facility located in Williamsburg, VA. This 87-unit Facility will have 30 units dedicated to Memory Care. The Community will open in the first quarter of 2024. HFC negotiated the increase needed to cover additional […]
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 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 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 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 […]