FHA 242 223 F Hospital Finance Without Construction

The FHA 242/223(f) program is now taking application for Hospital Refinance without the requirement of construction or repair. Hospitals with less than 20% of the loan proceeds used for upgrades are eligible for this program. In some cases, hospitals with historical and audited documentation of positive cash flow and market need, a market study and/or new audit may not be required. For more information go to FHA 242 FHA 223F

FHA Rates - New Construction Waivers 223(f)

FHA rates for 223(f) loans are moving up into the high 5% range from the low 5% range.

FHA 221(d)(4) New construction has remained in a range of 1.25% to 1.5% over the 223(f) permanent rates

FHA 223(f) is now allowing new construction waivers for properties completed in mid 2008 or before.

FHA 221)d)(4) new construction should only be considered in very tight rental markets.

Affordable Housing is FHA's mission and will processed faster per FHA letters.

FHA 242 going strong great program

FHA 232 LEAN - streamlined process is getting better all the time

KENDALL REALTY ADVISORS ALIGNS

Kendall Realty Advisors has aligned with a leading, national multifamily and healthcare lender offering Fannie Mae, Freddie Mac and FHA lending programs. They offer the programs Kendall has specialized in for many years.

NEEDHAM, Mass. - (Business Wire) CWCapital, a full-service national lender to the multifamily and healthcare real estate industries, today announced a new alliance with Kendall Realty Advisors, multifamily and healthcare finance specialists headquartered in Chicago. Through the arrangement, CWCapital (CW) and Kendall will align to offer CW’s expansive FHA lending platform to Kendall’s rapidly growing list of multifamily and healthcare clients.

CWCapital is a leading Fannie Mae, Freddie Mac and FHA lender offering origination, underwriting and servicing through its network of national lending offices. The firm has closed over $10 billion in loans since 2002, and currently services a portfolio of $10 billion in loans in 48 states.


Michael Berman, President and CEO of CWCapital, indicated that CW is focused on expanding its reach in FHA financing. “FHA lending has become increasingly attractive, given recent improvements made to the program and the lack of credit available from traditional bank and other financing sources. We have seen our FHA originations increase dramatically in the past few months. Charles Kendall is a longtime FHA expert with extensive roots in the greater Chicago area. His experience and local relationships are a good fit for CW and our expansion plans. We are very pleased to be able to work together in bringing CW’s programs to Kendall’s clientele.”


Kendall Realty Advisors, based in Chicago, have worked in the mortgage and investment banking industry for over 25 years, specializing in multifamily and healthcare lending utilizing the FHA and Fannie Mae lending platforms. Principals Charles and Scott Kendall have extensive financing, development and equity placement experience, having worked for many of the industry’s top lenders, originating and/or underwriting over $745 million in mortgage loans over their careers. Kendall Realty is considered expert in market rate and affordable apartment financing and healthcare financing.


Charles Kendall added, “The integrity of the originator can make a huge difference in the overall loan process, and ultimately, the success of the loan. We feel confident that CWCapital’s skill, expertise and commitment to the client and loan process align with our own values. We are pleased to work with CW in bringing an expert lending platform, specializing in FHA lending programs, to our clients.”