Housing & Healthcare Finance (HHC Finance) closed $24 million in HUD financing for a portfolio of three skilled nursing facilities with a total of 264 beds in Tennessee. The experienced borrower refinanced conventional debt with the transaction. Built in 1964, 1997 and 2007, the three properties ranged in occupancy from the low- to mid-80s. HHC […]
Housing & Healthcare Finance (HHC Finance) has had a busy summer, closing three HUD refinances totaling $56 million, so far. All three loans were arranged for skilled nursing clients and featured interest rates substantially below 4%. Based on the rumblings (public or otherwise) from the Federal Reserve, it appears borrowers will have at least a couple more years […]
Housing & Healthcare Finance posted a strong month in March with six HUD transactions closed for skilled nursing facilities in Florida, New Jersey, New York and Texas, plus one for a 156-bed supportive living facility in Illinois, all totaling $62 million. The Illinois closing marked the fifth supportive living HUD closing for HHC Finance in […]
Several years after acquiring a 160-bed skilled nursing facility, an experienced owner/operator is refinancing with the help of Housing & Healthcare Finance. Working through HUD, HHC Finance closed a $28 million loan for the greater New York area facility, replacing higher-rate and shorter-term debt in the process. Since the acquisition, the owner has significantly improved […]
The team at Housing & Healthcare Finance (HHC Finance) announced a series of six HUD closings totaling about $81 million on behalf of Cascade Capital Group and its operating affiliate Legacy Healthcare. An owner/operator of more than 135 skilled nursing facilities in 23 states (all acquired since the company’s founding in 2016), Cascade secured these HUD loans […]
It was quite the year for Housing & Healthcare Finance’s Capital Advisory Group, which just about doubled its loan volume from about $510 million in 2017 (just its first full year in business) to over $1 billion in 2018. That impressive haul came from more than 60 bridge loans and credit facilities closing for skilled […]
Bridge loans are becoming increasingly important for acquisitions and renovations projects. Find out the details on this important webinar. If you are in the market for acquisitions, especially value-add acquisitions, or you want to do some major renovations on your existing building, do I have a financing product for you. I am talking about bridge loans, […]
Seniors housing and care M&A may be slowing towards the end of 2018, but the lenders are still closing plenty of transactions. One of them, Housing & Healthcare Finance (HHC Finance), closed two HUD loans totaling $31 million for a couple of East Coast skilled nursing facilities owned by experienced regional operators (and repeat HHC […]
After four years of investing in seniors housing communities with Silverstone Health Care Real Estate, an investment platform she co-founded which produced equity returns over of 250%, Stephanie Anderson is now a national sales director with Housing & Healthcare Finance, based in the Boston area. Before Silverstone she was with Health Care REIT, GE Healthcare […]
The HUD fiscal year is about to end, and Housing & Healthcare Finance (HHC Finance) is finishing with a flourish, closing a $19 million refinance for a 90-bed skilled nursing facility located in central Pennsylvania. The facility was built in 2014 with state-of the-art components, making it the most modern SNF in the general area. […]