Housing & Healthcare Finance (HHC) had a very busy August closing over $50 million of HUD financings. Three of the loans totaling $15.2 million were refinancings of existing HUD loans for three skilled nursing facilities with 428 beds in Connecticut. The experienced borrower received low fixed rates for the next 25-30 years. HHC also closed 2 HUD 232/223(f) loans totaling close to $36 million. The first, a $22.2 million loan, will refinance a 240-bed skilled nursing facility in Brooklyn, New York, while the second, a $13.3 million loan, will refinance a 120-bed facility in Carmel, New York. All of the facilities are well occupied.
