Hospital Loan
FHA 242 Financing is the most viable option for many Hospitals Our team at KENDALL REALTY ADVISORS specializes in Healthcare and Apartment Finance since 1985
Wednesday, March 20, 2013
Wednesday, March 6, 2013
FINANCING FOR SENIOR HOUSING, NURSING HOMES, ASSISTED LIVING, AND HOSPITALS
Owners of multifamily, nursing homes, assisted living
facilities, and hospitals have long preferred traditional bank lenders over
FHA-based financing. The usual reason is
the difficulty and frustration of dealing with FHA versus the relative ease of
dealing with sophisticated lenders. Due
to the changes from the real estate market crash, the wave of bank
consolidations, and the reluctance of the remaining banks to return to lending,
owners should reexamine their traditional views of FHA financing.
Traditional financial institutions no longer securitize senior
multifamily and health care loans, thereby eliminating the availability of
conduit financing for these projects. We
have not yet seen the end of the foreclosure crisis and if banks incur addition
losses, bank financing for these types of projects will be almost impossible to
obtain.
FHA, on the other hand, has improved its process
dramatically. FHA-based financing has
always offered several significant advantages over traditional bank and conduit
lending sources if one was willing to deal with the red tape. Much of that red tape has now been removed or
streamlined and programs to finance hospitals have been added. The most obvious advantage to FHA is
continued credit availability that is unaffected by the subprime fiasco. Additional advantages are lower fixed rates,
nonrecourse loans, and long-term fully-amortizing debt.
FHA loans do not contain the numerous covenants contained in
traditional lending documents and specifically do not contain a debt service
coverage requirement. As markets evolve
and Medicaid and Medicare reimbursement methodologies are revised, a manager’s
ability to maintain a stable and predictable debt service coverage is
continually challenged. FHA-based
financing will prove especially valuable.
Charles Kendall 773-259-7074
kendallrealtyadv@gmail.com
Scott Kendall 847-903-7578
kendallrealty@gmail.com
Friday, August 31, 2012
FHA 242 Refinance of Hospitals finally expected to be opened any day OMB
FHA 242 Hospital refinancing is finally gone to be approved very soon.
Looking for long term 25 year fixed rates under 3.5% to increase the Hospital Cash Flow build reserves call soon. (847) 903-7578 Scott Kendall CEO Kendall Realty Commercial Health Care FHA financing.
Thursday, April 19, 2012
FHA Apartment Loan Programs - Fannie Mae Freddie Mac Affordable and Market Rate Multifamily Finance
FHA Apartment Loan Programs - Fannie Mae Freddie Mac Affordable and Market Rate Multifamily Finance
What Mitt Romney #GOP #FHA CLOSING MEANS TO YOU home loan health care nursing home
Mitt Romney at private fundraiser: I might eliminate HUD
If GOP hopeful The least popular nominee in eternity Mitt Romney has his way HUD will be killed and presumably so will the FHA programs. It means higher loan rates, no nursing care less rural hospitals and assisted living no aid to poor elderly mostly women for rentHome Single Family - lowest rate lender
HOME LOAN RATES GO UP 1%
HOME LOAN RATES GO UP 1%
Multifamily Loans only national construction lender rural apartment lender
Hospital - Urban and Rural Hospital loans
fewer new hospitals more rural deaths
fewer new hospitals more rural deaths
Health Care Assisted Living Nursing Home biggest lender in Country
more expensive private nursing home only option sick parents move home
It’s election season and the candidate – hoping to appeal to conservatives – wants to stick a knife in HUD/FHA because, well, it’s a cabinet level agency and cutting big government is a red meat move. But first, Romney has to get elected. And if he does, then he has to get such a move through a Congress that presumably will be controlled by the GOP. So, if you think the housing market is tough now, just wait until the FHA program disappears. Of course, I’m sure the private sector is ready, willing and able to fill the void.more expensive private nursing home only option sick parents move home
Tuesday, April 17, 2012
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.
Saturday, January 17, 2009
LOW RATE FHA 242
Our team can help you with your hospital loan. Over $1,000,000,000 in FHA and FNMA financing since 1985. www.fha232leanlender.com
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About US:
Our team has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, and FHA- and FNMA-insured loans. Throughout our careers, we have originated and/or underwritten in excess of $1,000,000,000 in mortgage loans with a focus on acute care hospitals, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for a NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Chuck has been president of a FHA mortgage company and Scott has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products