Evan L. Clark

Represented lender in $20 million portfolio of HUD Section 232/223(f) loans for four Texas health care facilities. This deal involved a number of complexities because the facilities were all leased under a master lease to a third-party operator and were subject to accounts receivable financing.

Represented borrowers in a multi-state portfolio involving multiple tranches of HUD Section 232/223(f) loans totaling approximately $333 million and involving more than 25 skilled nursing and assisted living facilities several of which were subleased to Indiana county-owned hospitals to take advantage of enhanced Medicaid reimbursement.

Served as lender's counsel in connection with a $10 million HUD-insured loan to an owner-operator of an assisted living facility in Tennessee.

Represented a borrower and operator in obtaining necessary approvals from HUD related to the change of ownership and operations at a skilled nursing facility. This transaction involved accounts receivable financing, in addition to the assignment/assumption of the two existing HUD loans, and required the negotiation of an intercreditor agreement with the accounts receivable and HUD lenders.

Represented borrower in $5 million HUD Section 232/241(a) financing for the construction of an addition to a Florida skilled nursing and assisted living facility.

Represented borrower in obtaining necessary approvals from HUD for the transfer of operations at two skilled nursing facilities located in Florida.

Represented lender in $13.2 million HUD-insured loan to benefit a memory care facility in Virginia utilizing HUD's 232/223(a)(7) program.

Represented lender in $10.4 million refinancing under HUD's Section 232/223(f) program benefitting a Texas nursing and rehab center with a third-party operator and accounts receivable financing.

Represented lender in $8.7 million HUD Section 232/223(f) loan benefitting an Illinois supportive living facility, including the negotiation of amendments to a low income housing tax credit agreement and a declaration of restrictive covenants stemming from tax-exempt bond financing.

Represented borrower in $90 million bridge-to-HUD loan secured by nine skilled nursing and assisted living facilities, several of which were subleased to county-owned hospitals in Indiana in order to take advantage of enhanced Medicaid reimbursement.

Represented health care lender in a multi-site mortgage and accounts receivable financing loan secured by skilled nursing facilities, including navigating complexities associated with one of the properties being subject to a ground lease.

Acted as lender's counsel in the closing of a five-site portfolio of HUD Section 232/223(f) loans for Oregon skilled nursing facilities. The portfolio totaled more than $35 million and the complex transaction also involved accounts receivable financing.

Served as lender's counsel for two assisted living facilities in Utah in connection with two HUD Section 232/223(f) loans totaling more than $9.5 million with fixed interest rates of 2.49 percent for 35 years.