The Office of Hospital Facilities (OHF), a division of the U.S.
Department of Housing and Urban Development (HUD), announced the
issuance of a new final rule that revises the regulations governing the
Federal Housing Administration’s (FHA) Section 242 Hospital Mortgage
Insurance Program. This new rule implements FHA's authority to finance
hospital acquisitions and to refinance the capital debt of hospitals
that do not have FHA-insured mortgages, without requiring substantial
construction or rehabilitation. The final rule will be officially
published in the Federal Register on February 5, 2013. LINK
Call 773-259-7074 Chuck Kendall to refinance
We work for you save money now before rates rise any more!!! 25 year fixed rate low 4% fixed
FHA 242/223F HOSPITAL REFINANCE
FHA Hospital Refinance Loans using FHA 242/223(f) mortgage insurance. Less than 20% rehab only!
Friday, February 8, 2013
Friday, August 31, 2012
FHA 242 Refinance of Hospitals finally expected to be opened any day OMB
FHA 242 Hospital refinancing is finally gone to be approved very soon.
Looking for long term 25 year fixed rates under 3.5% to increase the Hospital Cash Flow build reserves call soon. (847) 903-7578 Scott Kendall CEO Kendall Realty Commercial Health Care FHA financing.
Tuesday, April 17, 2012
Friday, July 24, 2009
Tuesday, July 21, 2009
FHA 242/223(f) and FHA 242 Hospital Mortgage Insurance
Since 1968 FHA Section 242 Hospital finance has provided for billions of dollars of mortgage financing for Hospitals. Up to this time the FHA 242 Mortgage Insurance for Hospitals has been limited to new construction and substantial rehabilitation properties. Due to the Credit Crisis many banks and private lenders are unable to lend. With no private lending alternatives available FHA quickly reacted.
On July 2, 2009, HUD Secretary Shaun Donavon announced an exciting new program, the FHA Section 242-223(f) Hospital Refinance Program. This program allows thousands of Hospital to refinance tax-exempt municipal bonds and taxable debt using FHA 242/223(f) Mortgage Insurance for replacement Credit Enhancement.
FHA 242-223(f) was created to help finance viable hospitals that have been impacted by the credit crisis. Eligible borrowers must show a 1% increase in interest rates since January 1, 2008 or prove that such an increase is imminent.
On July 2, 2009, HUD Secretary Shaun Donavon announced an exciting new program, the FHA Section 242-223(f) Hospital Refinance Program. This program allows thousands of Hospital to refinance tax-exempt municipal bonds and taxable debt using FHA 242/223(f) Mortgage Insurance for replacement Credit Enhancement.
FHA 242-223(f) was created to help finance viable hospitals that have been impacted by the credit crisis. Eligible borrowers must show a 1% increase in interest rates since January 1, 2008 or prove that such an increase is imminent.
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