The expansion, which has been in the works for the past six years, includes a 19-bed inpatient wing with eight private rooms as well as plans to repave the parking lots. The projects will double Electra Hospital’s current size.
Lancaster Pollard underwrote the project using a taxable fixed-rate mortgage note insured by the FHA Sec. 242 program.
Note: Information about the project’s financing by Lancaster Pollard was updated on Feb. 7, 2012.
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Texas Hospital Construction Halted Due to Funding, Draws Criticism From Lawmakers
