FHA Healthcare and Apartment Financing

FHA 232 223 f rates rising fast

noreply@blogger.com (Anonymous) — Thu, 23 May 2013 15:58:00 +0000

Apartment Loan Pricing FHA 223 F FNMA FHA 232

noreply@blogger.com (Anonymous) — Tue, 30 Apr 2013 17:13:00 +0000

Loan Rates FHA 223 F FHA 232 Lean Assisted Living Scott Kendall 847-903-7578

noreply@blogger.com (Anonymous) — Fri, 12 Apr 2013 20:08:00 +0000

FHA 242 LENDER FHA 242/223(f) Hospital Refinance: FHA 242 223F Hospital Refinance Open long term fixed low rate financing

noreply@blogger.com (Anonymous) — Wed, 20 Mar 2013 20:22:00 +0000

FHA 242 LENDER FHA 242/223(f) Hospital Refinance: FHA 242 223F Hospital Refinance Open long term fixed low rate financing

How much should my insurance plan cost in 2014t?

noreply@blogger.com (Anonymous) — Fri, 01 Mar 2013 16:14:00 +0000

How much should my insurance plan cost in 2014t?

HST Ranked #1 A nationwide team of optimists, problem solvers and medical advocates. We’re a passionate blend of resourcefulness, compassion and drive. We’re a crew of true believers. Scott Kendall Agent Health Savings Consultant 847-903-7578 skendall@aplanforeveryone.com We shop for you and if we can't save you money you pay nothing! Health Insurance - HRA's - great plans

FHA 223 F rates FHA 232 refinances now moving very fast for FHA

noreply@blogger.com (Anonymous) — Wed, 27 Feb 2013 18:22:00 +0000

Apartment loan rates FHA 223 f FHA 232 Rates senior housing

noreply@blogger.com (Anonymous) — Fri, 11 Jan 2013 17:15:00 +0000

FHA 232 LEAN rates

noreply@blogger.com (Anonymous) — Thu, 11 Oct 2012 18:16:00 +0000

http://www.kendallrealtyadvisors.com/

FHA 232 3.6% refinance purchase

noreply@blogger.com (Anonymous) — Tue, 31 Jul 2012 17:58:00 +0000

Apartment Loan Rates FHA 223F FNMA

#FHA223F #Apartment #Lender Apartment #Loan Pricing FNMA National Loan rates Kendall Realty

noreply@blogger.com (Anonymous) — Wed, 06 Jun 2012 16:56:00 +0000

Apartment Lender Apartment Loan Pricing -

Record low #Apartment #Loan #apartmentLender #Apartment Loan

noreply@blogger.com (Anonymous) — Wed, 30 May 2012 16:02:00 +0000

#fright to safety interest rates go down as #EU money flocks to safety of US treasuries #Dollar
RECORD LOW APARTMENT LOAN RATES
rates

As rumors of LEFTIST gaining popularity in Greece over REVOLT OVER AUSTERITY
everyone buys US currency and stashes it in their pillow. THE normal suspects go down as dollar gains in value oil, interest rates and stocks go down on fright to safety moves

Stocks fell sharply Wednesday as worries about Europe's debt, specifically the Spanish banking system,again shook confidence.

Investors flooded into U.S. Treasuries, raising prices and pushing the yield on the benchmark 10-year note down to a record low of 1.656%.

The Dow Jones industrial average (INDU) was down 150 points, or 1.2%, in early trading. The S&P 500 (SPX) sank 17 points, or 1.2%, and the Nasdaq (COMP) declined 38 points, or 1.3%.

The European Central Bank issued a statement Wednesday saying it had not been consulted on the bailout for Bankia, the No. 4 bank in Spain, and that such a recapitalization could not be provided by the Eurosystem.

In addition, independent ratings agency Egan-Jones downgraded Spain's sovereign debt late Tuesday. The move raised more questions about the country's ability to fund bank bailouts that could reach as much as €100 billion.

Yields on 10-year Spanish debt soared to 6.62% Wednesday.

In addition, the European Commission's economic sentiment index fell for the second month in a row, hitting the lowest level since October 2009.

World markets were sharply lower on European concerns. Britain's FTSE 100 (UKX) dropped 1.6% in afternoon trading, the DAX (DAX) in Germany lost 1.3% and France's CAC 40 (CAC40) plunged 1.7%.

CNNMoney's Fear & Greed Index, which measures investor sentiment, remains firmly in "extreme fear" territory.

U.S. stocks ended higher Tuesday, as investors welcomed a lack of negative headlines out of Europe and hopes that China would announce a new massive stimulus program

commercial property, prices recovered to mid-2003 Levels CoStar 2012 News APARTMENT LOAN RATES LINK

noreply@blogger.com (Anonymous) — Thu, 24 May 2012 15:26:00 +0000

APARTMENT LOAN RATES LINK
Despite a generally flat March for pricing of commercial property, prices recovered to mid-2003 levels in the first quarter as improving fundamentals and liquidity causing a broadening of the recovery into non-core commercial real estate and secondary markets, according to this month's CoStar Commercial Repeat Sale Indices (CCRSI) report.

At this rate it will be 2006 in ten short years. Oprah sells her Chicago condo for about 1/2 of what she paid. say $3,000,000 on $6,000,000 cost plus extra shoe closets.

Apartment Loan rates FHA FNMA Small Loans - Assisted Living Healthcare

noreply@blogger.com (Anonymous) — Wed, 23 May 2012 16:50:00 +0000

FHA FNMA DUS

Apartment Loan rates FHA FNMA Small Loans - Assisted Living Healthcare

Apartment Lender Apartment Loan Pricing historically lows

noreply@blogger.com (Anonymous) — Sat, 19 May 2012 16:29:00 +0000

Apartment Lender Apartment Loan Pricing -

Apartment Loan rates and This Is Clearly Going To Cost JPMorgan Much More Than $2 Billion

noreply@blogger.com (Anonymous) — Tue, 15 May 2012 15:25:00 +0000

APARTMENT LOAN RATES

Whale Ahoy

JPMorgan announced a $2 billion loss Friday. When compared to its market cap and other indicators, that goes Ouch!, but not much more. However, there’s more going on. The bank has refused to state where in its operations the loss was incurred. For good reason perhaps: the positions that caused the loss are still rumored to be open.

The main problem JPMorgan may be facing, and the 8% loss in pre-market trading may be a sign players are on to this, is that we probably already know where the loss is. A few weeks ago, the financial sphere was full of stories about the London Whale, a JPM trader in London named Bruno Michel Iksil, who had taken such massive - synthetic - derivative (gambling) positions in a 125 company index that they were moving the market itself.

Back then, some hedge funds took counter positions just for the sheer fact that he had bet so much; they figured he couldn't last forever on all trades. The underlying notion was he was long a bunch of companies; well, not a lot has gone well in the markets lately. And if you have overweight derivative positions in one direction (in this case credit default swaps) , you can make a killing or you can get punished fast and furious. He did the latter.

I'd rather climb up into bed with a rattlesnake than have #MITT #ROMNEY as PRESIDENT #FHA killer #HUD RURAL HOSPITAL NURSING HOME APARTMENT FINANCE AFFORDABLE RENTAL LARGEST SINGLE FAMiLY LENDER

noreply@blogger.com (Anonymous) — Tue, 17 Apr 2012 16:03:00 +0000

I'd rather climb up into bed with a rattlesnake than have #MITT #ROMNEY as PRESIDENT #FHA killer #HUD RURAL HOSPITAL NURSING HOME APARTMENT FINANCE AFFORDABLE RENTAL LARGEST SINGLE FAMiLY LENDER

Apartment Loans Nationally $2,000,000 and up Small Apartment loans Chicago FNMA FHA and Community Banks

noreply@blogger.com (Anonymous) — Mon, 16 Apr 2012 16:16:00 +0000

Apartment Loans Nationally $2,000,000 and up
Small Apartment loans Chicago
FNMA FHA and Community Banks

RATES

Senior Housing Loan Rates FHA 232 FNMA

noreply@blogger.com (Anonymous) — Thu, 08 Sep 2011 17:34:00 +0000

CLICK HERE FOR RATES

FHA 232/223(F) AGENCY CALL

SCOTT (847) 903-7578

Weekly Update, April 10, 2009/U.S. Department of Housing and Urban Development (HUD)

noreply@blogger.com (Anonymous) — Fri, 13 May 2011 17:49:00 +0000

Weekly Update, April 10, 2009/U.S. Department of Housing and Urban Development (HUD)

FHA 232 LEAN Underwriting - LEAN Letters

noreply@blogger.com (Anonymous) — Thu, 14 Apr 2011 00:39:00 +0000

The Link to FHA 232 LEAN news letters and program changes

Previous E-Newsletters/U.S. Department of Housing and Urban Development (HUD)

FHA 232 LEAN Letter

noreply@blogger.com (Anonymous) — Thu, 24 Mar 2011 18:53:00 +0000

LOW INCOME HOUSING TAX CREDITS AND SECTION 232 NEW CONSTRUCTION/SUBSTANTIAL REHABILITATION PROJECTS:

Provided the Firm Applications are submitted in a timely manner, HUD reserves the right to adjust its Other Queue to give preference to processing new construction and substantial rehabilitation Section 232’s that include Low Income Housing Tax Credits (LIHTC) to meet placed in service deadlines on specific projects. We encourage lenders to submit the Firm Applications on these projects in such a manner that will allow as much time as possible for HUD to act on the applications – including reviewing whether our 2 Stage Firm Application process will provide for such.

CHANGES TO OUR PROCEDURE FOR HANDLING SEASONING OF DEBT:

The April 10, 2009 Email Blast discussed our definition of Eligible Debt and the two and five year seasoning rules. Although this language was silent on the date that the seasoning is based upon, we have consistently required that the two or five year period must have passed prior to the application being submitted (entering our queue). Because of the length of time that projects are spending in our queues, we are changing how we will handle this. Effective immediately, the two and five year time period will be based upon when a project is assigned to an OHP Underwriter (exits our queue). Lenders may choose to submit a project prior to the seasoning period expiring, however, if the project reaches the top of the queue prior to the debt being properly seasoned, the project will be placed on hold. Lenders submitting projects in such a manner must regularly monitor the project’s progression through the queue and contact a Workload Manager at HUD (prior to the project being assigned to an OHP Underwriter) if it becomes evident that the project will be assigned prior to the seasoning period expiring.

REFUNDS OF HUD APPLICATION FEE:

We understand that HUD is no longer issuing refund checks - all refunds are being handled by Direct Deposit. To accommodate this procedure, when requesting refunds in the future, please use the attached document as a template for your letter requesting the refund. This document will be posted to HUD.GOV in the future.

MANAGEMENT AGENT AND OPERATOR GRID:

Please see the attached grid. This document addresses HUD’s closing document requirements for operators and management agents to ensure that HUD has a valid security and regulatory interest in the project assets of the healthcare facility. Particularly of note, this grid addresses the document signing requirements of the operator and/or management agent for the operating lease, license, equipment, provider agreements, deposit accounts and facility repairs. This document will be posted to “Sample Closing Documents” on HUD.GOV in the future.

STALE DATE ON PHASE I ENVIRONMENTAL REPORTS:

We have been asked numerous times in the past few months to waive the stale date on Phase I Environmental Reports – listed in the endnotes on our Checklists. We have turned down all such requests as we are unable to waive this requirement.

CLOSING QUEUE:

We will soon be posting our closing queues to HUD.GOV. Until these are posted, please see the attached two spreadsheets, which list the projects in our closing queues. Projects will be assigned from the top to bottom of the spreadsheets. Currently we have three closing coordinators working on the non 223(a)(7) queue (one of these individuals concentrates on Insured Advances projects).

CLARIFICATION ON MINIMUM LEASE PAYMENTS:

During the closing of Section 232 loans, OHP and OGC have encountered confusion on the minimum lease payment required for closing documents and operating leases. For the actual leases, we are requiring that the annual lease payment be calculated using a minium of a 1.05 coverage ratio - annual principal + annual interest + annual mortgage insurance premium + annual reserve for replacement deposit + annual property and liability insurance + annual property taxes times a multiplier of 1.05. This minimum coverage level required for executed leases is different than the test measurement used in the 223 F Lender’s Narrative, which remains unchanged - it will continue at the 1.17 coverage level.

REVISED CONSTRUCTION SPECIFICATION TEMPLATE:

OHP will be following the revised construction specification template discussed in HUD Mortgagee Letter 2010-41 – see attached. All Firm Applications submitted to HUD on or after April 25, 2011, must use the new CSI MasterFormat 2010. Future revisions to our checklists and other documents posted to HUD.GOV will reflect this revised document.

CHANGES TO OUR STANDARD DOCUMENTS:

Please do not change Lean Approved exhibits posted on HUD.GOV. This includes, but is not limited to, submitting exhibits in MS Excel or QuattroPro when they are to be in original Word format, adding or subtracting fields of information in current documents, and changing language in Firm Commitments. When these changes are made it takes Underwriters and Closing Coordinators extra time to identify and mitigate these unapproved changes and is contrary to the standardization required under Lean. We will be following the February 19, 2010 Email Blast and requesting a revision to the Firm Application when this situation is present.

In addition, if a section of the Lender Narrative or an exhibit is not applicable to your project, please note that it is “not applicable” and explain why you believe this is not applicable. No sections are to be left blank or deleted from the Template. Your cooperation with this request will help us process your application more quickly.

MARKET INTEREST RATE ABOVE RATE USED IN SECTION 223(A)(7) APPLICATIONS:

Given the recent rise in interest rates, interest rates proposed in applications under Lean Section 223(a)(7) may not longer be achievable. Please advise your assigned OHP Underwriter if this is the case so you can work to ensure your application is consistently updated throughout to reflect a more accurate interest rate at the time of Firm Commitment issuance. For applications still in the queue that are no longer feasible due to interest rate hikes, lenders can opt to withdraw their application and have the application fee returned.

Need to Reference Previous LEAN 232 Updates?

Previous E-Newsletters (Email Updates) can be found at:

http://portal.hud.gov/portal/page/portal/HUD/federal_housing_administration/healthcare_facilities/section_232/lean_processing_page/underwriting_guidance_home_page/previous_e_newsletters

FHA 223(f) FHA 221(d)(4) FHA 232 LEAN FHA 242

noreply@blogger.com (Anonymous) — Sat, 27 Mar 2010 02:26:00 +0000

FHA 232 LEAN Healthcare Loan Programs

www.kendallrealtyadvisors.com

FHA LEAN 232 Updated Stats Closing Pipeline

noreply@blogger.com (Anonymous) — Sat, 27 Mar 2010 00:35:00 +0000

FHA LEAN 232 Program Updated Closings and Pipeline for FHA

Guidance for Lenders in weak economic markets

noreply@blogger.com (Anonymous) — Wed, 24 Feb 2010 21:38:00 +0000

Guidance for Lenders in weak economic markets

Table of FHA 232 LEAN Loan to Value and Debt Service Coverage

noreply@blogger.com (Anonymous) — Wed, 24 Feb 2010 21:35:00 +0000

FHA 232 LEAN LTV AND DSC