Chicago, IL (September 1, 2016) – Birchwood Healthcare Properties is proud to announce a $5.3 million HUD refinance on its Heritage Villa property in Bartlesville, OK. Coupled with cash flows from operations, this refinance allowed the distribution of approximately 90% of investors’ funds. In the original underwriting, Birchwood anticipated a refinance in month 36 after closing. This long-term, fixed-rate financing solution was executed just 15 months after closing, and provides stability to Heritage Villa and positions the property for continued success in the future.
Birchwood HCP is a Chicago-based health care real estate private equity firm with a primary focus on senior housing and nursing home assets. With deep industry relationships, access to capital and entrepreneurial structuring capability, Birchwood intends to capitalize on the highly fragmented and dynamic nature of the industry through ongoing acquisitions and development.