The hospital will eventually double in size and include a 19-bed inpatient wing, eight private rooms and several other internal and external upgrades.
Lancaster Pollard underwrote the project using a taxable fixed-rate mortgage note insured by the FHA Sec. 242 program.
Note: Information about Lancaster Pollard’s financing of the project was added Feb. 7, 2012.
Related Articles on Hospital Expansions:
Maryland’s Peninsula Regional Medical Center to Break Ground on $18M OR Expansion
St. Joseph’s Hospital in New York Receives State Grant for $140M Expansion Project
Baptist Hospital in Florida Begins $1.9M Expansion Project
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