Housing & Healthcare Finance Provides $4.9M HUD Refinancing for Community Near Austin

KYLE, Texas — Housing & Healthcare Finance has provided a $4.9 million 232/223(f) HUD loan for New Haven of Kyle.

The community features 32 units of assisted living and memory care in Kyle, approximately 15 miles south of Austin.

The facility was built in 2014 and has consistently operated with occupancy in the mid-90-percent range.

The experience ownership group used the proceeds from the HUD loan to pay off higher-rate and shorter-term conventional and subordinated debt.