financing

Austin-Area Assisted Living Gets HUD Financing

An experienced ownership group went through Housing and Healthcare Finance (HHC Finance) to refinance its conventional debt on its 32-unit assisted living/memory care community in Kyle, Texas. Located about 15 miles south of Austin, the community was built in 2014 (around when development was especially heating up in certain markets in Texas) and currently operates at occupancy in the mid-90s. It had inplace, higher rate and shorter term conventional and subordinated debt but was able to replace it with a $4.86 million HUD loan, arranged by HHC Finance. 

 

 

2 comments on “Austin-Area Assisted Living Gets HUD Financing

  1. Hi,

    I’m interested in opening a franchise in home care agency, but I don’t have the finances. Do you offer any financial support for something like that.

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