Housing & Healthcare Finance
Housing & Healthcare Finance LLC announced the closing and funding of $46.8 million in acquisition financing to the founders of CareRite Centers for their purchase of The Phoenix Center for Rehabilitation and Nursing (formerly Atlantis Rehab Center).
Housing & Healthcare Finance said that it led lenders under HUD'S section 232 LEAN Program with a total of $748.4 million in loans.
Housing & Healthcare Finance's affiliate company, HHC Funding and Congressional Bank, recently closed and funded about $16.5 million in loans. This transaction involved four loans and six healthcare facilities located in Florida, Maryland, Oklahoma and Texas.
Housing & Healthcare Finance has advised on a $940 million loan for Deutsche Bank involving 167 skilled nursing facilities in 19 states, with significant concentrations in Colorado, Maryland, Michigan, North Carolina and Texas.
Congressional Bank and HHC Funding, an affiliate of Housing & Healthcare Finance, LLC, said they have closed a $5.5 million asset-based line of credit to Cypress Skilled Nursing LLC.
Finance deals announced from GE Capital, Cushman and Wakefield, Housing & Healthcare Finance LLC, and Gemino Healthcare FinanceOctober 22, 2013
The companies announced financing and acquisition information.
HHC Funding announced it is offering clients a new working line of credit product with Congressional Bank, pursuant to a Joint-Marketing Agreement. The financing will be offered to healthcare-related entities.