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

New FHA Process:

FHA has continued to streamline and work with Hospital owners to make the process faster and more transparent. FHA will credit enhance tax-exempt bonds or offer a taxable GNMA fixed rate loan. Currently these loans have been closing with rates in the high 6% to low 7% range.

Contact Scott Kendall at (847) 903-7578 orkendallrealty@gmail.com