312 Florence Avenue - Evanston, IL 60202

Friday, February 8, 2013

After Years of Waiting its HERE FHA 242 223F HOSPITAL REFINANCING

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 
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    Commercial Mortgage - Apartment - Healthcare

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    Kendal Town Hall, Kendal, England

    Kendal Town Hall, Kendal, England
    Kendal, At the dale on the river Ken

    About Us:

    Our knowledgeable team has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, and FHA- and FNMA-insured loans. Throughout our careers, we have originated and/or underwritten in excess of $745,000,000 in mortgage loans with a focus on apartments, acute care hospitals, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for several NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Prior to KENDALL REALTY ADVISORS, Chuck has been president of a FHA mortgage company and a developer. Prior to forming KENDALL REALTY ADVISORS Scott has been a VP of origination for FHA and FNMA Lenders. He has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products. We understand that the integrity of the loan officer for the loan quote and rate pricing can make a huge difference for FHA clients.