| 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 was extended past the end of 2010 FHA 242 Hospital Lending History 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. |
| KENDALL REALTY ADVISORS RESPONSIVE - AGENCY FINANCING EXPERTS |
| KENDALL REALTY ADVISORS LLC 312 FLORENCE AVENUE EVANSTON, IL 60202 |
| ACUTE CARE AND CRITICAL ACCESS HOSPITALS - FHA 242 or CONVENTIONAL DEBT EQUITY JOINT VENTURES- |
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| New Non FHA Hospital Debt and Equity 100% financing for Hospital Development deals in the form of a Joint Venture arrangement. These funds could also be used for an acquisition and rehab of an existent Hospital or New Construction Contact Scott Kendall (847) 903-7578 |