1. FHA provides mortgage insurance on loans made by FHA-approved lenders. FHA coverage encompasses multifamily, seniors housing and healthcare facilities (such as hospitals).
2. Section 221(d)(4) and 232 loans can be used for new construction and substantial rehabilitation of healthcare facilities. These programs provide construction and permanent financing, and equity requirements are minimal.
3. Section 223(f) and 232/223(f) loans are available for acquisition or refinancing of healthcare facilities. These programs involve longer loan terms.
4. There are other programs for the refinancing of an existing FHA-insured mortgage (223(a7)), the financing of additions to properties with existing FHA-insured mortgages (241) and the financing of hospitals (242), among others.
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