???????????????? ?????????????? ?????? ???????????????? $??,??????,?????? ???????????? ???????? ?????? ?????????????? ???????? ???????????? ???????? ?????????? Muchmore Capital LLC (“MMC”) has successfully arranged a $5,400,000 bridge to HUD loan for a standalone memory care building in the Chicago area on behalf of an established Midwest based sponsor.?The loan repaid existing senior debt and a partnership note stemming from operating losses incurred during COVID.?The building was operating at a negative margin at the time of closing, but the owner recently hired a new operator to spearhead the turnaround. Terms were 5 years and floating rate with an initial interest rate of 8.08%.?Chris Painter and Tyler London, of MMC led the transaction, which was funded by a bank with a national seniors housing platform. MMC is a HUD MAP and Lean approved lender which specializes in financing turnarounds in seniors housing, skilled nursing, and multifamily.?Since its founding in 2021 by Jonathan Coven, MMC has closed over $400MM of bridge to HUD transactions on behalf of its clients. Visit www.muchmorecapital.com for more information on Muchmore Capital LLC or contact us below at: Jonathan Coven, President Email: [email protected] Phone: 917-841-8253 Chris Painter, Chief Underwriter Email: [email protected] Phone: 410-259-2083 Tyler London, Senior Associate Email: [email protected] Phone: 516-456-8819
关于我们
Our expertise is financing healthcare turnaround deals. Specialize in: Senior debt ? Mezz debt ? Equity ? HUD 232 Programs ? Mergers ? RFPs ? Due Diligence & Site inspections We maintain very strong relationships with owner/operators, banks, mezz lenders, and equity sources to make deals happen. Our experience and relationships are invaluable in helping clients strategize to win bids, uncover hidden value, underwrite and conduct due diligence, and drive deals to completion. Muchmore Capital LLC is a licensed HUD MAP and Lean Lender
- 网站
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https://www.muchmorecapital.com
Muchmore Capital LLC的外部链接
- 所属行业
- 银行业
- 规模
- 2-10 人
- 总部
- New York，NY
- 类型
- 私人持股
- 领域
- Healthcare Finance、FHA Multifamily Lending、FHA Healthcare Lending、SNF、ALF和Healthcare Turnarounds
地点
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主要
获取路线
142 W 57th St
US，NY，New York，10019