Housing & Healthcare Finance recently closed four HUD loans on behalf of a portfolio of four supportive living facilities in Illinois, totaling $55.3 million. Built in the early- to mid-2000s, the facilities will soon receive some renovations in order to increase their appeal and competitiveness, which the financing will facilitate. They total 536 units geared towards low-income residents that do not need full medical care. The transaction refinanced the experienced borrowers’ existing bank and partnership debt, along with supporting the renovations.
HHC Finance Closes Illinois HUD Refinance
