HHC Funding Enters Into Joint-Marketing Agreement Giving Clients Access to Working Capital Line of Credit Product
Chevy Chase, MD (PRWEB) July 10, 2013 -- HHC Funding, an affiliate of Housing & Healthcare Finance, LLC, recently announced that it is now offering clients a new working capital line of credit product pursuant to a Joint-Marketing Agreement with Congressional Bank. The financing will be offered to healthcare related entities throughout the U.S. The new product fills an important niche in the healthcare financing market which has been lacking a lender that provides a full range of value-added credit solutions to its borrowers.
HHC Funding is led by Rich Lerner, Director at Housing & Healthcare Finance, and builds upon the Company’s healthcare lending expertise and extensive industry relationships. Housing & Healthcare Finance is one of the leading HUD healthcare and multifamily lenders in the U.S. having closed over $1.5 billion in loans since 2008.
“We are very excited about our new relationship with Congressional Bank. As one of the most active HUD healthcare lenders in the country, we are now uniquely positioned to offer healthcare borrowers a complete range of financing solutions, including products that work in conjunction with the new HUD documents,” said Rich Lerner. “Our healthcare financing expertise has allowed us to guide the development of a product that will help healthcare companies solve their working capital needs.”
“Establishing a healthcare lending business is consistent with our strategy of diversifying our balance sheet with businesses that provide attractive risk-adjusted returns," said Jeffrey A. Lipson, President of Congressional Bank. “We are pleased to partner with Housing & Healthcare Finance, LLC, an industry leader with significant expertise. We are equally excited about Amy Heller leading this effort, as she is an outstanding leader with a wealth of relevant experience.”
All segments of the healthcare industry, including Skilled Nursing Facilities, Acute Care and Rehab Hospitals, Healthcare Services Providers, Home Health Organizations, Medical Device Companies, Staffing Companies, Medical Equipment Manufacturers, Physician Practices, Medical Testing Companies, and Clinical Research Organizations among other segments will benefit from this product.
For more information on HHC Funding, please contact Charles Dabich at 301-941-1675 or at cdabich(at)hhcfinance(dot)com.
About Housing & Healthcare Finance, LLC
Founded in 2002, Housing & Healthcare Finance, LLC (HHCF) is one of the leading HUD healthcare and multifamily lenders in the U.S. HHCF’s expertise in the healthcare and multifamily markets allows it to provide loans that address all of its borrowers’ financing needs. The Company, which is headquartered in Chevy Chase, MD, has additional offices in New York, Ohio, Illinois, Wisconsin, New Jersey, California, Pennsylvania, and Florida. For more information, please visit http://www.hhcfinance.com.
About Congressional Bank
Congressional Bank is a commercial bank located in the Washington, D.C. metropolitan area. In addition to focusing on the lending and deposit needs of small businesses and consumers, Congressional Bank offers several niche products nationwide including political campaign deposits, corporate lending and health care finance. Congressional Bank is committed to being a safe, secure and green partner for its clients’ financial success. The Bank currently serves its customers from locations in the District of Columbia, Maryland and Virginia and on-line at http://www.congressionalbank.com.
Charles Dabich, Housing & Healthcare Finance, LLC, http://www.hhcfinance.com, +1 3019411675, [email protected]
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