tag:blogger.com,1999:blog-77784705607127884012024-03-12T19:36:00.630-07:00FHA 232 LEAN Healthcare Facility LoansWe have spent over twenty five years each, lending on Apartments and Healthcare properites using FHA and FNMA programs - Work with the most responsive FHA 232 LEAN origination team.Anonymoushttp://www.blogger.com/profile/07466583161299514000noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-7778470560712788401.post-75347947934418894682013-03-20T13:16:00.001-07:002013-03-20T13:16:36.827-07:00FHA 242 LENDER FHA 242/223(f) Hospital Refinance: FHA 242 223F Hospital Refinance Open long term fixed low rate financing<a href="http://fha242lender.blogspot.com/2013/03/fha-242-223f-hospital-refinance-open.html">FHA 242 LENDER FHA 242/223(f) Hospital Refinance: FHA 242 223F Hospital Refinance Open long term fixed low rate financing</a>Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-88119333666747381362013-03-06T11:19:00.000-08:002013-03-06T11:19:47.969-08:00FINANCING FOR SENIOR HOUSING, NURSING HOMES, ASSISTED LIVING, AND HOSPITALS<div class="MsoNormal">
Owners of multifamily, nursing homes, assisted living
facilities, and hospitals have long preferred traditional bank lenders over
FHA-based financing.<span style="mso-spacerun: yes;"> </span>The usual reason is
the difficulty and frustration of dealing with FHA versus the relative ease of
dealing with sophisticated lenders.<span style="mso-spacerun: yes;"> </span>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.<span style="mso-spacerun: yes;"> </span></div>
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Traditional financial institutions no longer securitize senior
multifamily and health care loans, thereby eliminating the availability of
conduit financing for these projects.<span style="mso-spacerun: yes;"> </span>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.<span style="mso-spacerun: yes;"> </span></div>
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<br /></div>
<div class="MsoNormal">
FHA, on the other hand, has improved its process
dramatically.<span style="mso-spacerun: yes;"> </span>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.<span style="mso-spacerun: yes;"> </span>Much of that red tape has now been removed or
streamlined and programs to finance hospitals have been added.<span style="mso-spacerun: yes;"> </span>The most obvious advantage to FHA is
continued credit availability that is unaffected by the subprime fiasco.<span style="mso-spacerun: yes;"> </span>Additional advantages are lower fixed rates,
nonrecourse loans, and long-term fully-amortizing debt.</div>
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FHA loans do not contain the numerous covenants contained in
traditional lending documents and specifically do not contain a debt service
coverage requirement.<span style="mso-spacerun: yes;"> </span>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. <span style="mso-spacerun: yes;"> </span>FHA-based
financing will prove especially valuable.</div>
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<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Our principal business is providing FHA-based
refinancing for multifamily, nursing homes, assisted living facilities, and
hospitals.<span style="mso-spacerun: yes;"> </span>We pride ourselves on our
ability to restructure traditional debt into FHA-based debt and working with
owners to develop a program using both traditional and FHA-based financing.<span style="mso-spacerun: yes;"> </span>Let us help you with your financial
needs.<span style="mso-spacerun: yes;"> </span>Please contact us at your
earliest convenience.</span><br />
<br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Charles Kendall 773-259-7074</span><br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> kendallrealtyadv@gmail.com </span><br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><br /></span>
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Scott Kendall 847-903-7578</span><br />
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">kendallrealty@gmail.com</span>Anonymoushttp://www.blogger.com/profile/07466583161299514000noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-81357971785987850582012-07-31T11:01:00.003-07:002012-07-31T11:01:21.520-07:00FHA 232 3.6% refinance purchase<br />
<a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE"> Loan Rates FHA 223F FNMA</a><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgohAEfb8ZbnxhDVp_nCT-Qqoz-nnq8HoyPrhjhub61W1P2_VquO_uq8He1UtyOoBYSYoM62OusaJjuIGfOp0Uu_vuZB3OAoLNx6wVtvMuZ7PBRXxT4klb1rSaAHkc3CDTUgbubwQjo9dY/s1600/apartment+loan+rates.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="314" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgohAEfb8ZbnxhDVp_nCT-Qqoz-nnq8HoyPrhjhub61W1P2_VquO_uq8He1UtyOoBYSYoM62OusaJjuIGfOp0Uu_vuZB3OAoLNx6wVtvMuZ7PBRXxT4klb1rSaAHkc3CDTUgbubwQjo9dY/s640/apartment+loan+rates.JPG" width="640" /></a></div>
<a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE"> Loan Rates FHA 223F FNMA</a><br />Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-49968127913979704532012-05-30T09:06:00.001-07:002012-05-30T09:06:12.764-07:00Record low #Apartment #Loan #apartmentLender #Apartment Loan<br />
<a class=" twitter-hashtag pretty-link" data-query-source="hashtag_click" href="https://twitter.com/#%21/search/%23fright" title="#fright"><s>#</s><b>fright</b></a> to safety interest rates go down as <a class=" twitter-hashtag pretty-link" data-query-source="hashtag_click" href="https://twitter.com/#%21/search/%23EU" title="#EU"><s>#</s><b>EU</b></a> money flocks to safety of US treasuries <a class=" twitter-hashtag pretty-link" data-query-source="hashtag_click" href="https://twitter.com/#%21/search/%23Dollar" title="#Dollar"><s>#</s><b>Dollar</b></a><br />
<span style="font-size: large;"><b><a href="http://www.blogger.com/goog_1607582638">RECORD LOW APARTMENT LOAN RATES</a></b></span><br />
<span style="font-size: large;"><b><a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE" target="_blank">rates </a></b></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTA_LalU7CB151AHUEWz72R-WZezQhx_2qFZTRUGB2poQ6HIhREKKbAhY_V_eFesTWeVnd9Oyk-b_gFR0wsEFWtgkh5vNtoseYrUwSOpJKl74IGG3erWWF5uETivHPzBoz5W7ptlc6vdR0/s1600/apartment+loan+rates+may+30+2012.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="467" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTA_LalU7CB151AHUEWz72R-WZezQhx_2qFZTRUGB2poQ6HIhREKKbAhY_V_eFesTWeVnd9Oyk-b_gFR0wsEFWtgkh5vNtoseYrUwSOpJKl74IGG3erWWF5uETivHPzBoz5W7ptlc6vdR0/s640/apartment+loan+rates+may+30+2012.jpg" width="640" /></a></div>
<span style="font-size: large;"><br /></span><br />
<span style="font-size: large;"><b>As rumors of LEFTIST gaining popularity in Greece over REVOLT OVER AUSTERITY </b></span><br />
<span style="font-size: large;"><b>everyone buys US currency and stashes it in their pillow. THE normal suspects go <span style="color: red;">down </span>as <span style="color: lime;">dollar gains</span> in value <span style="color: red;">oil, interest rates and stocks go down</span> on <span style="color: #e69138;">fright to safety moves</span></b></span><br />
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Stocks fell sharply Wednesday as worries about Europe's debt, specifically the Spanish banking system,again shook confidence.</div>
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Investors flooded into <a href="http://money.cnn.com/data/bonds/?iid=EL" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">U.S. Treasuries</a>, raising prices and pushing the yield on the benchmark 10-year note down to a <a href="http://money.cnn.com/2012/05/30/investing/treasuries/index.htm?iid=EL" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">record low</a> of 1.656%.</div>
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The Dow Jones industrial average (<span class="inlink_chart" style="background-image: url(http://i2.cdn.turner.com/money/.element/img/5.0/buttons/assorted_icons.gif); background-position: -200px -160px; border: 0px none; margin: 0px; outline: none 0px; padding: 0px 0px 2px 19px; position: relative; vertical-align: baseline;"><a class="inlink" href="http://money.cnn.com/data/markets/dow/?source=story_quote_link" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">INDU</a></span>) was down 150 points, or 1.2%, in early trading. The S&P 500 (<span class="inlink_chart" style="background-image: url(http://i2.cdn.turner.com/money/.element/img/5.0/buttons/assorted_icons.gif); background-position: -200px -160px; border: 0px none; margin: 0px; outline: none 0px; padding: 0px 0px 2px 19px; position: relative; vertical-align: baseline;"><a class="inlink" href="http://money.cnn.com/data/markets/sandp/?source=story_quote_link" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">SPX</a></span>) sank 17 points, or 1.2%, and the Nasdaq (<span class="inlink_chart" style="background-image: url(http://i2.cdn.turner.com/money/.element/img/5.0/buttons/assorted_icons.gif); background-position: -200px -160px; border: 0px none; margin: 0px; outline: none 0px; padding: 0px 0px 2px 19px; position: relative; vertical-align: baseline;"><a class="inlink" href="http://money.cnn.com/data/markets/nasdaq/?source=story_quote_link" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">COMP</a></span>) declined 38 points, or 1.3%.</div>
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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.</div>
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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 <a href="http://money.cnn.com/2012/05/25/investing/spain-banks/index.htm?iid=EL" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">bank bailouts</a> that could reach as much as €100 billion.</div>
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Yields on 10-year Spanish debt soared to 6.62% Wednesday.</div>
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In addition, the European Commission's economic sentiment index fell for the second month in a row, hitting the lowest level since October 2009.</div>
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<a href="http://money.cnn.com/data/world_markets/?iid=EL" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">World markets</a> were sharply lower on European concerns. Britain's FTSE 100 (<span class="inlink_chart" style="background-image: url(http://i2.cdn.turner.com/money/.element/img/5.0/buttons/assorted_icons.gif); background-position: -200px -160px; border: 0px none; margin: 0px; outline: none 0px; padding: 0px 0px 2px 19px; position: relative; vertical-align: baseline;"><a class="inlink" href="http://money.cnn.com/data/world_markets/ftse100/?source=story_quote_link" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">UKX</a></span>) dropped 1.6% in afternoon trading, the DAX (<span class="inlink_chart" style="background-image: url(http://i2.cdn.turner.com/money/.element/img/5.0/buttons/assorted_icons.gif); background-position: -200px -160px; border: 0px none; margin: 0px; outline: none 0px; padding: 0px 0px 2px 19px; position: relative; vertical-align: baseline;"><a class="inlink" href="http://money.cnn.com/data/world_markets/dax/?source=story_quote_link" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">DAX</a></span>) in Germany lost 1.3% and France's CAC 40 (<span class="inlink_chart" style="background-image: url(http://i2.cdn.turner.com/money/.element/img/5.0/buttons/assorted_icons.gif); background-position: -200px -160px; border: 0px none; margin: 0px; outline: none 0px; padding: 0px 0px 2px 19px; position: relative; vertical-align: baseline;"><a class="inlink" href="http://money.cnn.com/data/world_markets/cac40/?source=story_quote_link" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">CAC40</a></span>) plunged 1.7%.</div>
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CNNMoney's <a href="http://money.cnn.com/data/fear-and-greed/?iid=EL" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Fear & Greed Index</a>, which measures investor sentiment, remains firmly in "extreme fear" territory.</div>
<div style="background-color: white; border: 0px; color: #333333; font-family: Arial, helvetica, sans-serif; font-size: 14px; line-height: 19px; margin: 0px; outline: 0px; padding: 0px 0px 20px; text-align: left; vertical-align: baseline;">
<a href="http://money.cnn.com/2012/05/29/investing/stocks-markets/index.htm?iid=EL" style="background-color: transparent; border: 0px; color: #004276; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">U.S. stocks</a> 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 </div>Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-74094955794069115052012-05-24T08:16:00.001-07:002012-05-24T08:16:55.444-07:00commercial property, prices recovered to mid-2003 Levels CoStar 2012 News APARTMENT LOAN RATES LINK<br />
<a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE" target="_blank">APARTMENT LOAN RATES LINK</a><br />
<span style="font-size: x-large;"><span style="background-color: white; color: black; display: inline !important; float: none; font-family: Arial, Helvetica, sans-serif;"><a href="http://www.costar.com/News/Article/CRE-Price-Recovery-Continues-Despite-Seasonal-Volatility/138593" target="_blank">Despite a generally flat March for pricing of commercial property, prices recovered to mid-2003</a> levels in the first quarter as improving fundamentals and liquidity causing a broadening of the recovery into non-core </span><a href="http://www.showcase.com/" style="background-color: white; color: #3366cc; font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">commercial real estate</a><span style="background-color: white; color: black; display: inline !important; float: none; font-family: Arial, Helvetica, sans-serif;"> and secondary markets, according to </span><a href="http://www.costar.com/ccrsi/index.aspx" style="background-color: white; color: #3366cc; font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px; text-decoration: none;" target="_blank">this month's CoStar Commercial Repeat Sale Indices (CCRSI) report.</a><span style="background-color: white; color: black; display: inline !important; float: none; font-family: Arial, Helvetica, sans-serif;"> </span></span><br />
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<span style="font-size: x-large;"><span style="background-color: white; color: black; display: inline !important; float: none; font-family: Arial, Helvetica, sans-serif;">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.</span></span><br />Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-89373598553136456442012-05-23T09:57:00.000-07:002012-05-23T09:57:19.888-07:00Apartment Loan rates FHA FNMA Small Loans - Assisted Living Healthcare<br />
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<br class="Apple-interchange-newline" />FHA FNMA DUS</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXF-C6DTG5tJ5PlmwARpx8r4pUhJLbD59POPYphvl3IKhLrBesByBDdldd3Hyyo7ZfRsXORIEyPIU9hrc7ex1eYEAdGNj-Kzbg9I59tvw-ehbysOADnZvsLws9jHR1Z3P8m8p5ZQlo1nvn/s1600/apartment+loan+rates+may+23+2012.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXF-C6DTG5tJ5PlmwARpx8r4pUhJLbD59POPYphvl3IKhLrBesByBDdldd3Hyyo7ZfRsXORIEyPIU9hrc7ex1eYEAdGNj-Kzbg9I59tvw-ehbysOADnZvsLws9jHR1Z3P8m8p5ZQlo1nvn/s640/apartment+loan+rates+may+23+2012.jpg" width="640" /></a></div>
<a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE" target="_blank">Apartment Loan rates FHA FNMA Small Loans - Assisted Living Healthcare</a><br />Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-78221808064769365722012-05-19T09:37:00.001-07:002012-05-19T09:37:56.104-07:00Apartment Lender Apartment Loan Pricing historically lows<a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE" target="_blank">Apartment Lender Apartment Loan Pricing - </a>Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-34671106756518198322012-05-15T07:25:00.001-07:002012-05-15T08:06:43.407-07:00Apartment Loan rates and This Is Clearly Going To Cost JPMorgan Much More Than $2 Billion<a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE" style="font-family: arial, helvetica, sans-serif; font-size: 13px; line-height: 15px; text-align: left;" target="_blank">APARTMENT LOAN RATES</a>
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<span style="background-color: white; font-family: arial, helvetica, sans-serif; font-size: 13px; line-height: 15px; text-align: left;">Whale Ahoy</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheEmp1hv8Ly0E3JbZ0PSEmMxiU2nEEcuP-CvghMCfofnmDNNEb9dH1aIc2fvvNQXsoKBGWioB6XqVZiLP1JWqPw2JtCMa037bO03pt0yifPqwBplFlIsjNUC4hyphenhyphen012jC2Xo5XilaYO3q0/s1600/JP+MORGAN+WHALE.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheEmp1hv8Ly0E3JbZ0PSEmMxiU2nEEcuP-CvghMCfofnmDNNEb9dH1aIc2fvvNQXsoKBGWioB6XqVZiLP1JWqPw2JtCMa037bO03pt0yifPqwBplFlIsjNUC4hyphenhyphen012jC2Xo5XilaYO3q0/s320/JP+MORGAN+WHALE.jpg" width="320" /></a></div>
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<span style="background-color: white; font-family: arial, helvetica, sans-serif; font-size: 13px; line-height: 15px; text-align: left;">JPMorgan announced a $2 billion loss Friday. W</span><span style="background-color: white; font-family: arial, helvetica, sans-serif; font-size: 13px; line-height: 15px; text-align: left;">hen compared to i</span><span style="background-color: white; font-family: arial, helvetica, sans-serif; font-size: 13px; line-height: 15px; text-align: left;">ts market cap and other indicators, that goes </span><em style="font-family: arial, helvetica, sans-serif; font-size: 13px; line-height: 15px; text-align: left;">Ouch!</em><span style="background-color: white; font-family: arial, helvetica, sans-serif; font-size: 13px; line-height: 15px; text-align: left;">, 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.</span><br />
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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.</div>
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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.</div>
<span style="font-family: arial, helvetica, sans-serif; font-size: 13px; line-height: 15px; text-align: left;"><br /><br />Read more: <a href="http://theautomaticearth.org/Finance/jpmorgan-a-tale-of-whales-and-sharks.html#ixzz1uwnfvREt" style="color: #003399; text-decoration: none;">http://theautomaticearth.org/Finance/jpmorgan-a-tale-of-whales-and-sharks.html#ixzz1uwnfvREt</a></span>Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-43869321913831052302012-05-07T12:02:00.002-07:002012-05-07T12:02:42.631-07:00APARTMENT LOAN RATES FHA FNMA REFINANCE Construction Purchase<a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE">APARTMENT LOAN RATES</a>Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-87558948492186831372012-04-17T06:33:00.001-07:002012-04-17T06:34:27.328-07:00A HOSPITAL SENIOR HOUSING FINANCES for INVESTMENT BANKER FRIENDS<a href="http://evanstonfinancial.blogspot.com/2012/04/gop-rnc-mitt-romney-promise-to-close.html">APARTMENT LENDER FNMA DUS LARGE APARTMENT LOAN - FNMA Small Apartment - FHA 223F: #GOP #RNC #MITT #ROMNEY PROMISE TO CLOSE FHA HUD APARTMENT HOSPITAL SENIOR HOUSING FINANCES for INVESTMENT BANKER FRIENDS</a><br />
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<iframe width="420" height="315" src="http://www.youtube.com/embed/pRAg7ixYaeE" frameborder="0" allowfullscreen></iframe>Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-77987298978459889052012-04-11T05:50:00.000-07:002012-04-11T05:50:34.658-07:00LOAN RATES APARTMENT FHA 232 Apartment loan rates FHA FNMA large and Small Apartment loan<a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE">LOAN RATES</a>Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-13282440155069694162012-04-09T07:19:00.000-07:002012-04-09T07:19:51.057-07:00Apartment loan rates FHA FNMA large and Small Apartment loan<a href="https://docs.google.com/spreadsheet/ccc?key=0Ap3HfXzExHJ3dEZYVmc5MHRzaXRXSThDazNoV1FiSUE">Apartment loan rates</a>Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-44887722982471294682011-05-13T10:53:00.000-07:002011-05-13T10:53:09.900-07:00Weekly Update, April 10, 2009/U.S. Department of Housing and Urban Development (HUD)<a href="http://portal.hud.gov/hudportal/HUD?src=%2Ffederal_housing_administration%2Fhealthcare_facilities%2Fsection_232%2Flean_processing_page%2Funderwriting_guidance_home_page%2Fprevious_e_newsletters%2Fweekly_update_april_10_2009">Weekly Update, April 10, 2009/U.S. Department of Housing and Urban Development (HUD)</a>Anonymoushttp://www.blogger.com/profile/17960304315237677226noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-11618004117616980842009-02-08T06:11:00.001-08:002009-02-08T06:13:40.947-08:00Revised Guidance for Underwriting of LEAN 232 Loans for Assisted Living Projects:Given the difficult economic and fiscal environment nationally, the Department is requesting that HUD approved Mortgagees exercise caution in underwriting loans under the LEAN Section 232 programs for new construction and refinance transactions for assisted living facilities. For all Assisted Living Project LEAN mortgage insurance applications under Section 223(f), Section 232 new construction and substantial rehabilitation, and Section 241(a), HUD will require justification/mitigation if the underwritten debt service coverage ratio (“DSCR”) is less than 1.45. Moreover, as was previously discussed with various lenders in June of 2008, for all LEAN mortgage insurance applications involving new construction of Assisted Living units, HUD will require justification/mitigation if the underwritten loan to value is greater than 75%.<br />The Department would consider, for example, a mitigating factor to be the inclusion of less expensive independent living units in the project or the presence of facility residents that are being provided with state or federal rental assistance subsidies. The Department’s review of mitigating factors will focus on any project specific attributes that result in limiting project market risk or in reducing project financial risk. The Department will be reasonable and flexible in determining where justifiable circumstances or mitigating factors exist.<br />Additional Guidance on the Use of Project Capitalization Rates:<br />The Department would like to provide general guidance regarding the usage of capitalization rates for Assisted Living projects. HUD believes that the capitalization rate should be a true reflection of conditions in the marketplace and the specific risks associated with a project. The Department is particularly concerned with the use (in some cases) of an approximate “risk free” capitalization rate for Assisted Living projects. The Department is not mandating a minimum capitalization rate. However, HUD may require justification/mitigation on Assisted Living projects if the capitalization rate used by the appraiser appears not to fully account for specific project and market related risks. This capitalization rate issue should be fully discussed in the Lender Narrative of the LEAN Application.<br />The Department believes that, in most but not all economic environments, the following debt service constant formula (Debt Service Constant + FHA MIP) multiplied by 1.25 would reflect reasonable guidance for the “minimum” capitalization rate for a proposed project. HUD would expect that the market realities of each project would dictate the capitalization rate to be used, which may be higher than the minimum formula. HUD does not wish to impose requirements for determining the capitalization rate and will defer to the USPAP appraisal standards to provide the definitive guidance on this issue. The Department’s guidance on capitalization rates is not mandatory and the Department understands that this guidance may not be as helpful as a guide when market and economic conditions are either highly optimistic or overly conservative and/or when the interest rate environment reflects unusually low or high project interest rates.<br />Example for calculating Cap Rate: 7% fixed interest rate plus the MIP of 50 basis points. {.0746+.50bp MIP=.0796*1.25=.0995 or 9.95%}. In this example, the minimum capitalization rate “guidance” is 9.95.<br />The revised guidance relative to the debt service coverage ratio, loan to value, and capitalization rates for assisted living projects shall apply to any future application for mortgage insurance where an FHA Project Number is issued after February 6, 2009. Alternatively, if the FHA number has not been issued but a project appraisal is underway, FHA will accept the lower DSCR of 1.3 for refinancing and 1.35 for new construction if an appraisal engagement letter was executed prior to February 6, 2009, and if appraisals using the lower DSCRs are finalized and provided to HUD prior to April 6, 2009. On projects that do not meet this revised guidance (where the FHA Project Number was issued on or prior to February 6, 2009) the Lender should provide a notification in the Check Transmittal Letter and Lender Narrative of the mortgage insurance application that provides for the discussion of the appraisal lender modifications.<br />Please note that the previous guidance on loan to value and debt service coverage on Section 232/223(f)’s for Skilled Nursing and Independent Living Facilities have not been revised.Hospital Healthcare Apartment Financehttp://www.blogger.com/profile/05229011485190663985noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-39603397027924913422009-01-30T17:12:00.001-08:002009-01-30T17:21:58.909-08:00FHA 232 LEAN LoansInspired by Toyota's manufacturing principles, "Lean" processing addresses some long touted concerns over HUD's processing and closing timeframes. The processing procedures differ from the Agency’s MAP program in that the actual closing work begins upon submission of a complete loan package. The goal is for a closing within 30 days of receipt of a complete loan package to HUD. "Lean" is being piloted via HUD's Office of Insured Health Care Finance program. This new processing and closing process showcases HUD's solid mindset for continuous improvement to their loan programs.<br /><br />With a MAP loan, the closing begins after the receipt of the HUD Firm commitment. While LEAN is about—standardized, accurate and thorough work product, With standardized work product time frames are reduced, and the outcome is more predictable and reliable.<br /><br />The Lean Process added consistency for HUD as the lender and the lender and HUD are looking for all the documents completted, checked and orgainzed, prior to the submission to HUD.Anonymoushttp://www.blogger.com/profile/07466583161299514000noreply@blogger.comtag:blogger.com,1999:blog-7778470560712788401.post-25599724226202070272009-01-24T10:44:00.000-08:002009-01-24T10:45:01.539-08:00FHA 232 ProcessMany owners of nursing homes and assisted living projects have long preferred traditional bank lenders. However, the significant losses from the subprime meltdown—more than $500 Billion—have changed the rules and the ability of traditional lenders to finance loans. Most analysts project additional losses in the near future along with significant losses in automobile loans and credit card loans, which means conditions will become worse before they get better. <br /><br />These losses force banks and financial institutions to seek capital to supplement their depleted base. Without a sufficient base, banks and financial institutions are unable to make new loans. Despite the infusion of cash from the Treasury, credit has not loosened. The projected size of current and future losses bring into question whether banks and financial institutions have the ability to raise the necessary additional capital and whether or not they will be making many loans in the near future. <br />The first type of loans that banks will cease making will be loans to nursing home and assisted living providers. Health care is a specialized market, and the number of banks willing or able to make these loans will diminish and the lending terms may become far more onerous. When Letters of Credit come due, banks will not have the ability to renew them. <br /><br />Therefore, traditional, conventional financing in the near future is all but gone for practical purposes. Fortunately, FHA is rolling out their new LEAN program just as traditional bank and financial company financing is becoming more difficult. FHA recently reengineered its lending program for nursing homes and assisted living facilities by transferring the responsibility to the Office of Insured Health Care Facilities. This transfer has resulted in “THE LEAN PROGRAM,” FHA’s new way of doing business.<br />This new program addresses the most frequent complaints FHA lenders and facility owners have had with traditional FHA processing: the lengthy processing time, the inconsistent answers, and an inability to complete transactions in a consistently reasonable time frame. The new program promises the ability to close a transaction within thirty days of the day the lender files its application for mortgage insurance. <br />FHA now not only has a program that is—and always will be—available, offers fantastic terms, but also has the ability to deliver the financing with a rapid turn around, without the previous FHA headaches.<br /><br />We have over 45 years experience dealing with FHA, and can help you through every step of the way. Each development is unique, of course, and we can help you determine your specific needs and determine the best way to achieve your objectives.<br /><br /><br />Please call or email us at your earliest convenience.<br /><br />Very truly yours, <br /><br /><br />Charles E. KendallAnonymoushttp://www.blogger.com/profile/07466583161299514000noreply@blogger.com