Housing and Healthcare Finance’s (HHC Finance) Capital Advisory Group closed an impressive number of bridge loans lately, totaling $185 million across 12 transactions in the last several months. The team, led by Isaac Haas and Neil Gamss, spread out across the country to get the deals done in North Carolina, California, Ohio, Pennsylvania, Maryland, Florida, New York and Alabama. The largest transaction involved a two-skilled nursing facility portfolio in California receiving a $50 million loan. HHC Finance’s Elan Magence joined Messrs. Haas and Gamss to arrange the transaction.
On top of that busy period of bridge lending, HHC Finance closed an $11 million HUD refinance of a 100-bed skilled nursing facility in eastern Pennsylvania.