Kendall Realty Advisors LLC. Chicago, IL
FHA 242-223(f) Hospital Refinance Loan
FHA 242 Hospital Construction Loan
FHA 242 Healthcare Finance
FHA Hospital Refinance and New Construction
FHA 242/223(f) and FHA 242 Hospital Mortgage Insurance
The FHA 242 new construction and rehab program is now being used in combination with.
BABS. (Build America Bonds) The municipal borrow receives a 35% interest rebate.
This programs
expires at the end of 2010

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 an increase in interest rates since January 1, 2008 or prove that such an
increase is imminent.
THE CREDIT CRISIS AND FHA 242/223(f) HOSPITAL INSURANCE?
FHA insurance enables qualified acute care facilities to enhance credit worthiness
due to backing by the full faith and credit of the United States Government.
KENDALL REALTY ADVISORS WILL WORK WITH YOUR INVESTMENT BANKING TEAM
We will work with your current investment banking and legal team   Upon request we can
introduce you to a top regional or national law firms and tax-exempt bond and BABS (Build
America Bonds) investment banking firms that specializes in placing  bonds insured by
FHA 242 mortgage insurance.
KENDALL REALTY ADVISORS
STRONG
TALENTED - RESPONSIVE
Hospital Refinance Healthcare Loans
FHA 242 - 223(f) Hospital Refinance
KENDALL REALTY ADVISORS
LLC
312 FLORENCE AVENUE
EVANSTON, IL 60202
FHA 242 HOSPITAL LENDER - ACUTE CARE AND CRITICAL ACCESS HOSPITALS