Beech Street provides $21M HUD loan

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Beech Street Capital announced it has provided a $20.7 million HUD loan to a supportive living facility in Illinois. Supportive living facilities in Illinois can receive Medicaid support for low-income residents that need assistance with activities of daily living.

“HUD is very receptive to financing supportive living communities,” says Joshua Rosen, the senior vice president of Beech Street Capital, who originated the transaction.