Housing & Healthcare Finance Provides $81M HUD Financing for Skilled Nursing Joint Venture

SKOKIE, Ill. — Housing & Healthcare Finance has provided $81 million in HUD loans for Cascade Capital Group and Legacy Healthcare, a skilled nursing owner-operator joint venture based in Skokie.

The loans refinanced the higher-rate, shorter-term conventional debt for a portfolio of six skilled nursing facilities located in the greater Chicago area.

Legacy operates 26 skilled nursing facility in Chicagoland, plus one in Utah and two in Montana. The specific properties involved in the financing were not disclosed.