Housing & Healthcare Finance (HHC Finance) is wrapping up HUD’s fiscal year with several transactions closed through the agency. First, the firm arranged a $19 million loan for a 200-bed skilled nursing facility in New York, then followed up with a $20 million HUD refinance of a 155-bed skilled nursing facility in Ohio.
Continuing with financing large SNFs, HHC Finance also closed a $22 million loan for a 225-bed facility in Ohio. All three facilities were built in the 1970s but have received numerous capital improvements over the years. Each HUD loan came with interest rates in the very low 2s. What a deal.
HHC Finance next closed a $6.8 million HUD supplemental loan for an assisted living community in Pennsylvania. And finally, the firm rounded out the month with another $30 million in HUD loan modifications, allowing its clients to take advantage of these historically low rates.
