Pocketing $756M for Construction, Hospital Nabs Largest Ever FHA Loan
April 14th, 2009
Capital Health System Inc. has just broken a record with its obtainment of a $756 million construction loan from the Federal Housing Administration for the development of its new hospital on a 165-acre site in Hopewell Township, N.J. The financing, arranged through FHA's Section 242 Hospital Mortgage Insurance Program, is being funded by TIAA-CREF and marks FHA's biggest loan yet.Entry Filed under: News
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