Search
 

Beech Street Closes $55M in FHA Loans

CHICAGO—Although the recent rise in interest rates has curtailed somewhat the popularity of these loans, for many they still make financial sense.

By Brian J. Rogal | Updated on August 27, 2013

CHICAGO—The number of owners refinancing their healthcare properties with loans from the Federal Housing Administration has, after setting record highs in 2012, fallen due to the recent uptick in interest rates, but it hasn’t stopped them entirely.

“It’s still a pretty popular program,” says Joshua Rosen, the Chicago-based executive vice president and team leader for healthcare at Beech Street Capital, LLC. The Maryland-based firm recently closed $55.3 million in FHA 232/223 (a)(7) loans to refinance a portfolio of eight skilled nursing facilities located throughout Indiana.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.