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Blueprint is pleased to announce the successful HUD financing transaction through its venture partner and affiliate, Housing & Healthcare Finance. The transaction contemplated the refinance of three Skilled Nursing Facilities located in the state of California. The Borrower is a regional owner-operator of Long Term Care properties that has a concerted focus on quality and service.
Blueprint’s solutions-based approach presented several distinct paths to the Borrower as it was considering various transaction structures to recapitalize its assets. Blueprint’s guidance led the Borrower to elect utilizing Housing & Healthcare Finance’s industry-leading platform. The Borrower ultimately secured a loan within the FHA/HUD 232/223(f) program which provided long-term, fixed-rate, and non-recourse mortgage debt.
The total loan size was approximately $76.4 Million; click here to review the press release from Housing & Healthcare Finance.
Chris Hyldahl was the originator of the transaction.
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