| Kendall Realty Advisors LLC. Chicago, IL |
| FHA 242-223(f) Hospital Refinance Loan FHA 242 Hospital Construction Loan FHA 242 Healthcare Finance |
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| 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 |
| KENDALL REALTY ADVISORS LLC 312 FLORENCE AVENUE EVANSTON, IL 60202 |
| FHA 242 HOSPITAL LENDER - ACUTE CARE AND CRITICAL ACCESS HOSPITALS |
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