FHA 242 LENDER FHA 242/223(f) Hospital Refinance: FHA 242 223F Hospital Refinance Open long term fixed low rate financing

FHA 242 LENDER FHA 242/223(f) Hospital Refinance: FHA 242 223F Hospital Refinance Open long term fixed low rate financing

FINANCING FOR SENIOR HOUSING, NURSING HOMES, ASSISTED LIVING, AND HOSPITALS

Owners of multifamily, nursing homes, assisted living facilities, and hospitals have long preferred traditional bank lenders over FHA-based financing.  The usual reason is the difficulty and frustration of dealing with FHA versus the relative ease of dealing with sophisticated lenders.  Due to the changes from the real estate market crash, the wave of bank consolidations, and the reluctance of the remaining banks to return to lending, owners should reexamine their traditional views of FHA financing. 

Traditional financial institutions no longer securitize senior multifamily and health care loans, thereby eliminating the availability of conduit financing for these projects.  We have not yet seen the end of the foreclosure crisis and if banks incur addition losses, bank financing for these types of projects will be almost impossible to obtain.  

FHA, on the other hand, has improved its process dramatically.  FHA-based financing has always offered several significant advantages over traditional bank and conduit lending sources if one was willing to deal with the red tape.  Much of that red tape has now been removed or streamlined and programs to finance hospitals have been added.  The most obvious advantage to FHA is continued credit availability that is unaffected by the subprime fiasco.  Additional advantages are lower fixed rates, nonrecourse loans, and long-term fully-amortizing debt.

FHA loans do not contain the numerous covenants contained in traditional lending documents and specifically do not contain a debt service coverage requirement.  As markets evolve and Medicaid and Medicare reimbursement methodologies are revised, a manager’s ability to maintain a stable and predictable debt service coverage is continually challenged.  FHA-based financing will prove especially valuable.

Our principal business is providing FHA-based refinancing for multifamily, nursing homes, assisted living facilities, and hospitals.  We pride ourselves on our ability to restructure traditional debt into FHA-based debt and working with owners to develop a program using both traditional and FHA-based financing.  Let us help you with your financial needs.  Please contact us at your earliest convenience.

Charles Kendall 773-259-7074
 kendallrealtyadv@gmail.com 

Scott Kendall 847-903-7578
kendallrealty@gmail.com

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.

I'd rather climb up into bed with a rattlesnake than have #MITT #ROMNEY as PRESIDENT #FHA killer #HUD RURAL HOSPITAL NURSING HOME APARTMENT FINANCE AFFORDABLE RENTAL LARGEST SINGLE FAMiLY LENDER

FHA 242/223(f) Hospital Refinance must save you 1% annualy!

FHA requires that the hospital must save 1% annualy in interest expense using the FHA 242/223(f) Mortgage insurance. FHA has revampted the processing and it is fast and efficient.

For more go to http://www.kendallrealtyadvisors.com/FHA242-223f-HOSPITALREFINANCE.html

FHA 242/FHA 223(f) Hospital Refinance

Effective July 2, 2009 FHA will refinance Hospital Loans WITHOUT THE REQUIREMENT FOR REHAB OR NEW CONSTRUCTION.

THE NEW PROGRAM IS FHA 242/FHA 223(F) HOSPITAL REFINANCE

NO CASH OUT

THE INTEREST RATE ON THE DEBT MUST HAVE INCREASE BY AT LEAST 1% SINCE DEC. 2008 OR WILL INCREASE WITHOUT A FHA 242 HOSPITAL REFINANCE LOAN.

FHA 242 Hospital Loans

Kendall Realty Advisors is aligned with CWCapital a leader in FHA Healthcare Finance to provide FHA 242 Hospital Loans.

FHA provides the highest leverage up to 90% loan to cost for Hospital Construction and Rehab.

For more information on Critical Access Hospital Financing contact Scott Kendall at (847) 903-7578

Kendall Realty Advisors