HHC Finance headed to the greater Los Angeles area to close its latest transaction, a $6 million HUD refinance of a 99-bed/38-unit skilled nursing facility. The loan features a fixed interest rate below 3.5% and a 30-year term, and it comes on the heels of a $32 million refinance, arranged by HHC Finance, of two senior care facilities located outside of New Orleans. Owned by the Archdiocese of New Orleans, the two properties have a total of 437 beds and 318 units of skilled nursing, assisted living and memory care services. Recently, a 30-unit post-acute rehab center was added, and the construction loan to fund it was taken out by the refinance. More renovations are planned to both facilities, also to be funded by the HUD loan, which features an interest rate in the mid-3s and a 35-year term.
HHC Finance Hard At Work
