FHA 242/223(f) Hospital Refinance KENDALL REALTY ADVISORS FHA 242 Hospital New Construction Loan

KENDALL REALTY ADVISORS LLC - FHA 242/223(f) Hospital Refinance Lender (Max. 20% repairs) FHA 242 New Construction (New or greater than 20% repairs) - Work with one of the top FHA Healthcare Lending teams, We have spent over twenty five years each, lending on Healthcare properites using FHA programs - We are FHA lenders with experience using market rate and tax-exempt bond credit enhancement. Our FHA team is the best healthcare lending team assembled for your financing needs!

Monday, January 4, 2010

FHA 242 New Construction and Build America Bonds

Municipal Hospitals may now use Build America Bonds (BABS) for new construction and rehab of hospitals.

The first FHA 242 BABS deal has been closed and with the 35% interest rate rebate from the BABS bonds the hospital was able to borrow at an effective rate under 4% fixed for 25 years.

Contact Kendall Realty Advisors at (847) 903-7578 for more information.

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FHA 242

FHA has issued over $13 billion in financing commitments and closed more than 80 FHA 242 property loans in 42 states since it was created in 1968.

In July of 2009 FHA created the FHA Section 242/223(f) straight refinance program for Hospitals in need of refinancing with less than 20 of the mortgage proceeds used for repairs. This program allows FHA to waive the need for a new audit if the existing financial statements present a clear and accurate historical track record.

FHA insures hospitals of all sizes and geographic locations from rural critical access hospitals to some of the largest urban facilities in the country. The FHA 242 Program with mortgage insurance can save the hospital mortgage interest so that the saving can be used for repairs and modernization. The program may be used for existing or start-up hospitals or to finance construction, modernization, equipment, refinancing (limited to 80% of the insured loan amount), remodeling, expansion and acquisition. FHA Section 242 Hospital Mortgage Insurance is for urgently-needed hospitals and to facilitate affordable loans for nonprofit, public-owned, and for-profit borrowers.

FHA 242/223(f) Hospital Refinance KENDALL REALTY ADVISORS FHA 242 Hospital New Construction Loan

Hospital Refinance Lender

NEW FHA 242/223(f) Hospital Refinance

Monday, January 4, 2010

FHA 242 New Construction and Build America Bonds

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