Housing & Healthcare Finance (HHC Finance) is having a strong September, closing another $58 million in HUD refinance loans. The transactions included a $42 million loan for a 260-bed skilled nursing facility followed by $11 million in financing for a 100-bed skilled nursing facility. Both facilities are located in southern California, and the two HUD loans refinanced substantially higher rate conventional debt while also providing the experienced regional owner with longer-term financing.
HHC Finance followed those closings with a $5 million HUD refinance for a 70-bed skilled nursing facility located in Missouri. Elan Magence, Senior Vice president at HHC Finance, originated all three deals.
