Mortgage Banking

WHEN CLIENTS HAVE A NEED, ZIEGLER HAS A SOLUTION.

Historically, FHA-insured financing programs were not widely utilized and were notoriously slow. Not anymore, particularly as organizations seek lower cost capital to fund everything from deferred renovation to new construction. To match the need, Ziegler's mortgage banking and housing finance team – Ziegler Financing Corporation (ZFC) -- has added new experienced staff to meet our client's need for capital. In fact, ZFC now specializes in providing high-leveraged, low-cost, fixed rate debt nationwide to for-profit, non-profit, and community-based organizations, including:

• Skilled Nursing
• Assisted Living
• Alzheimer Care
• Independent Living
• Hospitals (including small, rural, critical access, and community hospitals)

Some finance specifics: ZFC can offer highly leveraged permanent debt up to 85% LTV on existing and 95% LTC on new construction with loan terms up to 35 and 40 years, respectively. Recourse and non-recourse options are also available.

RECENT MARKET NOTES

The U.S. Department of Housing and Urban Development’s Office of Insured Health Care Facilities recently released guidelines for the new HUD LEAN Processing Program. The new LEAN process is available nationwide for acquisition and refinancing transactions under HUD’s 232 pursuant to 223f program. LEAN processing will significantly reduce the time typically needed to process a Government Insured Mortgage. By reducing processing requirements and establishing new dedicated staff positions HUD closings are now possible within 60 days of initial application.