Housing & Healthcare Finance (HHC Finance) has been hard at work securing HUD loan modifications for its clients. After all, why not accept a lower rate? The firm closed 15 modifications totaling over $220 million for skilled nursing and assisted living facilities in New York, New Jersey, Pennsylvania, Georgia, Florida, Kentucky, Illinois, and California.
HHC Finance followed that up with a $65 million HUD refinance, with a rate in the low-2s, for a 547-bed skilled nursing facility in New York. The transaction took out an existing HUD loan.
