Since its launch in the Fall of 2015, Housing & Healthcare Finance’s (HHC) bridge lending program has brought in a lot of business so far in the last year, with the lender brokering 13 transactions and over $250 million in loan volume. Included in those closings were mostly skilled nursing facilities, except for a 183-unit CCRC in Cincinnati, Ohio, a SNF/assisted living community in Sacramento, and a SNF/ALF portfolio in Arkansas. The largest transaction totaled $60 million, while the smallest was approximately $4.2 million. Apart from brokering these transactions, HHC also provides bridge loans through its partner, Congressional Bank. The program is led by Isaac Haas and Neil Gamss, who have had quite the busy year. Well done guys.
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