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
FHA 242/223(f) LENDER - FHA 223(f) - Fannie Mae - Freddie Mac Multifamily Housing Finance
Work with one of the top FHA Apartment Lending teams, KENDALL REALTY ADVISORS based in Chicago have spent over twenty five years each, lending on Apartments and Healthcare properites using FHA and FNMA programs
Friday, February 8, 2013
Thursday, January 5, 2012
Cook County Health seeks early expansion of Medicaid
Cook County Health seeks early expansion of Medicaid
The Cook County Health and Hospitals System is seeking approval to add thousands of uninsured patients to the Medicaid rolls nearly two years early, a move that could generate millions of dollars in new revenue for the cash-strapped network.
Approval would mean that the public health system would be reimbursed for some of the roughly $550 million of annual free care it now provides. Cook County health system executives decline to say how much revenue they expect to gain. The system treats about 100,000 uninsured patients a year, though that includes people who are ineligible for Medicaid.
The additional revenue could reduce the annual subsidy — $252 million for 2012 — that county taxpayers pay to keep the health system afloat.
Pushing the application through is at the top of the health system’s “life or death” list for financial survival, said Warren Batts, chairman of the independent hospital board that oversees the health system.
The federal health care overhaul calls for a massive enlargement of the Medicaid program in 2014. The expansion is expected to create competition among health care facilities for Medicaid patients, potentially threatening the Cook County health system’s already weakened finances.
The county health system wants the new Medicaid eligibility rules to be applied to its patients later this year instead of waiting until 2014, when federal health care reform begins. Such a move would give the public hospital system a competitive head start on serving the new Medicaid patients.
“When 2014 comes, almost all the people that we would treat would have Medicaid available to them, and unless we perform with a very good patient focus, we’ll end up with a fairly sizable operation with even greater need for a subsidy because we won’t have offsetting revenues coming from regular Medicaid patients,” Mr. Batts said.
The Obama administration already has approved an early start to the new Medicaid rules in four states, according to Menlo Park, Calif.-based Kaiser Family Foundation, which specializes in health care policy.
Wednesday, July 14, 2010
Apartment Loan Rates FHA 223 F FNMA Small Apartment Loans
FHA 223 F loan rates have been under 5% for a few months long term fixed rate non-course financing.
FNMA Small loans are fast and have an affordable cost of only $4,500 for all reports. Loan commitments in less than 6 weeks fast closings, great for purchase transactions, 10 year loan fixed for less than 6% non-recourse 20 year amortization.
FNMA Small loans are fast and have an affordable cost of only $4,500 for all reports. Loan commitments in less than 6 weeks fast closings, great for purchase transactions, 10 year loan fixed for less than 6% non-recourse 20 year amortization.
Monday, August 3, 2009
FHA 223(f) Apartment Loan Waivers Revised
July 29, 2009 Revised Temporary Waivers of three year rule for Section 223(f)
Property must have a Certificate of Occupancy (CO) dated no later than the date of the loan application. In other words, a waiver is possible for all new properties that are built and have a CO.
Happy Days are here again!
More on FHA 223(f) Waivers
Property must have a Certificate of Occupancy (CO) dated no later than the date of the loan application. In other words, a waiver is possible for all new properties that are built and have a CO.
Happy Days are here again!
More on FHA 223(f) Waivers
Friday, July 24, 2009
FHA 242/223(f) Hospital Loan Interest Rate Reduction Rule
New Loan Program Developed Fast Managed Effective the FHA 242/223(f) Hospital Refinance Loan More at:
http://www.kendallrealtyadvisors.com/FHA242-223f-HOSPITALREFINANCE.html
http://www.kendallrealtyadvisors.com/FHA242-223f-HOSPITALREFINANCE.html
Thursday, April 23, 2009
FHA 223F rates
Rates for FHA 223(f) loans have been in the low to mid five percent range for the last few weeks.
For more information on FHA, Fannie Mae and Freddie Mac Multifamily and Healtycare Lending programs go to www.kendallrealtyadvisors.com
Affordable Multifamily Financing Experts.
For more information on FHA, Fannie Mae and Freddie Mac Multifamily and Healtycare Lending programs go to www.kendallrealtyadvisors.com
Affordable Multifamily Financing Experts.
Wednesday, December 17, 2008
Subscribe to:
Posts (Atom)