FHA 242-223(f)Hosptal Refinance

Hospital financing using FHA to just got better. FHA 242-223(f) was announced on July 2. 2009 and for strong hospitals with market need and positive operating margins FHA can waive the requirement for a new market study and new audit.

This will allow hospitals with good records and strong proven market demand to streamline the financing process. FHA has insured billions in dollars of hospital debt using the FHA 242 new construction program. The FHA 242/223(f) programs allows hospitals with tax-exempt and taxable debt to refinance. For more information go to: http://www.kendallrealtyadvisors.com/FHA242-223f-HOSPITALREFINANCE.html

FHA Section 242 in Conjuction with FHA 223(f) Hospital Finance

SUBJECT: Hospital Mortgage Insurance: Section 223(f) Refinancing in Conjunction with
Section 242 Financing - Taxable and Tax-Exempt Healthcare Housing Bond AA Credit Enhancement

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.

For more details go to: FHA 242-223F Hospital Refinance