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EASTON, Pa. — Housing & Healthcare Finance (HHC Finance) has arranged a HUD loan of an undisclosed size to refinance New Eastwood Healthcare & Rehabilitation Center, a 97-bed skilled nursing facility.
The property is located in Easton, east of Allentown along the Delaware River, which separates Pennsylvania from New Jersey.
The borrower, Tryko Partners, acquired the facility in 2013. The loan will replace existing debt with long-term, fixed rate financing, as well as fund repairs and capital expenditures.