Hospital Reposition

  • $9,100,00 HUD/Tax Exempt Bond
  • 95% LTV
  • Non-Recourse
  • 40 Year Term

A client constructed a new $26,000,000 hospital with bond financing and needed a strategy to reposition their old hospital located 5 miles from the new facility. Bedford Lending was engaged to develop a finance solution and worked closely with a market specialist to indentify the highest and best use for the building. The property was renovated into an assisted living and memory impaired facility and receives referalls from the sister hospital.

Results: Bedford Lending underwrote and funded a HUD loan which credit enhanced a tax exempt bond. The loan was structured with a 40 year, fully amortizing non-recourse note and provided 95% financing.

Rehab Facility Refinance

  • $21,000,000 HUD Loan
  • 25 Year Fixed Rate
  • Non Recourse
  • 80% LTV

Bedford Lending was engaged to refinance an 80 bed rehab hospital. The HUD loan paid off a $17,000,000 REIT loan and established a $4,000,000 reserve for future improvements. The loan lowered the interest rate from 9% to 5.8% and extended the amortization to 25 years, resulting in a substantial monthly savings. The facility is now positioned for success.

I engaged BLC to refinance my apartment loan. They provided 80% cash out loan which is fixed for 35 years. I used the proceeds to acquire another property and have again engaged BLC for the loan. I highly recommend them."

- Roger T., Manchester, NH

Our Finance Options

  • Permanent Mortgages
  • HUD/FHA Construction
  • HUD/FHA Permanent Loans
  • USDA (538) Loans
  • SBA Loans
  • Business Loans
  • HUD 202 Loans
  • Small Balance Loans
  • Forward Commitments
  • Bridge Loans
  • Credit Enhancements
  • Mezzanine Debt
  • Fixed and Adjustable Loans
  • Participation Loans
  • Sale Leaseback Financing
  • Section 8 Loans
  • Tax Credit Financing

Newsletter Signup

© 2012 Bedford Lending. All rights reserved.