312 Florence Ave. Evanston, IL 60202

Friday, February 8, 2013

After Years of Waiting its HERE FHA 242 223F HOSPITAL REFINANCING

The Office of Hospital Facilities (OHF), a division of the U.S. Department of Housing and Urban Development (HUD), announced the issuance of a new final rule that revises the regulations governing the Federal Housing Administration’s (FHA) Section 242 Hospital Mortgage Insurance Program. This new rule implements FHA's authority to finance hospital acquisitions and to refinance the capital debt of hospitals that do not have FHA-insured mortgages, without requiring substantial construction or rehabilitation. The final rule will be officially published in the Federal Register on February 5, 2013. LINK
Call 773-259-7074 Chuck Kendall to refinance 
We work for you save money now before rates rise any more!!! 25 year fixed rate low 4% fixed 

Monday, July 6, 2009

FHA 242/FHA 223(f) Hospital Refinancing

SUBJECT: Hospital Mortgage Insurance: Section 223(f) Refinancing in Conjunction with

Section 242 Financing

This notice advises that FHA is immediately implementing its authority under section 223(f) of the National Housing Act to provide, in conjunction with financing under Section 242 of the National Housing Act, refinancing of debt for hospitals, without conditioning such refinancing on new construction or renovation as is the current program requirement.

Eligible entities seeking refinancing under Section 223(f) in conjunction with Section 242 financing (Section 242/223(f)) shall follow FHA’s regulations in 24 CFR part 242, except as modified in this notice to accommodate requirements applicable to Section 223(f) refinancing.

Friday, April 24, 2009

FHA 242 Hospital Financing

FHA 242 Critical Care Hospital Financing is available.

We can work with for profit and non-profit Healthcare Providers

New Construction and Substantial Rehabilitation Loans for Hospitals.

Long term fixed rate financing.

For more Information:

Contact Scott Kendall (847) 903-7578

Kendall Realty Advisors LLC