Housing & Healthcare Finance affiliate closes $16.5 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.
The loans included asset-based lines of credit and a bridge-to-HUD term loan. Proceeds were provided to facilitate acquisitions and to refinance an existing line of credit.
“The portfolio growth that we have achieved in such a short period of time proves that a high demand for our product exists,” SVP of Congressional Bank Amy Heller stated in a press release. ”However, I believe the key to this success is truly a function of our strong client relationships, focus on customer service and ability to provide creative and flexible loan solutions.
HHC Finance and Congressional Bank are headquartered in the Washington, DC, area.