MORTGAGE LENDING SERVICES

InnoVative Capital is nationally recognized as among the nation’s most experienced HUD-licensed lenders serving rural, community and critical access hospitals, as well as health systems and senior living providers. Our experience tells us that unnecessary expenditures of time and money often associated with government loan programs, can be avoided by selecting bankers with demonstrated success with these transaction types. Since 2001, InnoVative Capital’s clients have financed their construction projects through the HUD and USDA programs including some of the largest and most complex transactions to date.

    + 2009 - FHA 242 mortgage banker, financing an $85 million Ginnie Mae backed FHA 242 loan for a community hospital replacement facility. Accomplishments included the conversion of the hospital from municipal to nonprofit status. First HUD 242 financing in Georgia.
    + 2008 – FHA 242 mortgage banker, financing a $40 million Ginnie Mae backed FHA 242 loan for a critical access hospital replacement facility. Accomplishments included the passage of a ballot initiative to fund $1.5 million per annum of tax support to fund the project, and the conversion of hospital from municipal to nonprofit legal status.
    + 2008 – FHA 242 mortgage banker, financing with tax-exempt bonds, a $46 million replacement community hospital project.  Accomplishments included receipt of a HUD mortgage insurance commitment within nine weeks of submission of HUD loan application, while coordinating with the EPA, the successful remediation of onsite wetlands.
    + FHA 242 mortgage banker, for a $30 million “necessary-provider” CAH facility relocation project. New hospital opened February 2007.
    + FHA 242 mortgage banker for a privately owned start-up hospital, financed with a $30 million insured mortgage loan; hospital opened August 2006.
    + FHA 242 mortgage banker, "1st of its kind" CAH project financing, $18 million insured mortgage loan, 100% loan to cost; hospital opened 2005.
    + Served as financial consultant to a community hospital that subsequently was awarded a $20 million USDA Direct Loan; the largest ever.
       



“We retained InnoVative Capital to advise us on the intricacies of financing a start-up for-profit community hospital with FHA 242 mortgage insurance. Their comprehensive knowledge of the program proved invaluable in successfully completing the financing process. We look forward to working with them again in the future.”

K. Robert Bauer, Jr.
President & COO

Ameris Health System, LLC
Nashville, Tennessee

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