Core Value Finance (CVF) Closes $12.5 Million HUD Loan for Refinancing of Skilled Nursing and Assisted Living Facility in Ohio
Core Value Finance (CVF) today announced the closing of a $12.5 million Bridge-to-HUD loan, which supported the refinancing of an existing bridge loan. The deal supported a 175-bed skilled nursing and assisted living facility in Ohio. CVF closed the deal on July 18, 2024.
“We take on our client’s goals as our own because their success is our business, and helping them grow is our top priority,” said Tim Eberhardt, CVF Bank Chief Lending Officer, Bridge and HUD Loans. “For over 30 years we’ve been a strong partner to HUD, and we leverage this long-standing relationship to be a one-stop shop for our clients and offer unique Bridge-to-HUD financing solutions that ensure a seamless process, from application to execution and post-execution.”
Craig Casagrande, Core Value Finance, LLC Managing Director, Real Estate Finance originated the transaction for the company.
This financing follows CVF recent announcement that the company has financed over $440 million from January through June of this year. This financing includes 18 healthcare bridge loans, 5 multifamily bridge loans, and 8 HUD loans.
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About CVF
CVF is a full-service provider of comprehensive financing solutions for the national healthcare industry, focusing on the long-term care, assisted living and hospital sectors, and multifamily industry. Headquartered in Baltimore, Maryland, CVF is known as a one-stop shop, with expertise in HUD loans, bridge lending, mezzanine financing, working capital loans and commercial banking services through the CVF family of companies.
About CVF Bank
CVF Bank, headquartered in Baltimore, Maryland, provides flexible financing and online banking solutions to the national healthcare and multifamily markets and the Mid-Atlantic region. CVF Bank is the 6th largest bank in the Baltimore area based on deposits and the largest that is based in Baltimore. CVF Bank has grown from $1 billion in assets at the end of 2019 to over $5 billion in assets at the end of 2023 and is among the five largest and most experienced healthcare bridge-to-HUD lenders in the country, serving its clients and helping them grow for over 30 years. CVF Bank transforms the banking experience by delivering big bank capabilities and expertise, coupled with relationship-driven boutique bank service. .
About Core Value Finance, LLC
Core Value Finance, LLC, a subsidiary of CVF Bank, is the national leader in the FHA-insured mortgage industry, providing more than $6 billion in Section 232 mortgages nationwide. CVF is an Equal Housing Lender. Member FDIC.
