HUD’s top lenders
We will be profiling the top 10 HUD LEAN lenders in the coming issue of The SeniorCare Investor, but here is a little snapshot. We already mentioned last week that Lancaster Pollard finished well ahead of the pack, with 65 transactions totaling $531 million. Coming in second place, dollar-wise, was Housing & Healthcare Finance. The Chevy Chase, Maryland-based firm closed 22 transactions, for a total of $264.2 million. Loan sizes ranged from as low as $3.96 million up to $28.78 million. Coming in third was Capital Funding, which actually closed 28 loans (second place) totaling $257.8 million. Good job to all. Read More »Big HUD month for HHC
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. Read More »Schedule a demo
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