tHe WiLlIs ToWeR

tHe WiLlIs ToWeR
The tall building in this picture is the "Willis Tower", named after a London insurance company tenant that signed a small lease paying $14.50 a sq.ft. during the Great Deleveraging Crisis of 2009! It was formally know as the Sears Tower. Call me old, but its the Sears Tower to me!

Tuesday, July 21, 2009

New Programs FHA 242/223(f) Rate Update - Status of Commercial Finance

FHA is now Refinancing Hospitals we must save the hospital at least 1% annually per new rules.
Credit Enhancement for tax-exempt bonds using full faith of government FHA mortgage insurance.

Rate update FHA 223(f) FHA 232/223(f) 5.25% plus MIP.

FHA 221(d) and FHA 232 New construction 6.5%

The state of commercial finance is getting better. Government action is helping apartment and healthcare lending stay active. Office and retail still in the pits.
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The only thing good about mass redemtions is the Ponzi Schemes come to light. Via 2008

The only thing good about mass redemtions is the Ponzi Schemes come to light. Via 2008
I know my Madoff Investment didn't work so well, at least we still have those high yielding Stanford Group Guaranteed CD's and the Koch Brothers will soon be in charge, then all will be well:)

These do not represent our Commercial Loans yet.

These do not represent our Commercial Loans yet.
Subject to loss of collateral due to time travel

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Represents Happy Loan Customer:

Represents Happy Loan Customer:
Some are not as happy. some are happier!

Work History - Highlights

Kendall Financial Services - Kendall Mortage Company became FHA multifamily and healthcare lender. Lost our on business to co-insurance which then was closed due to actions by a few crazy lenders that we don't talk about any more. Also did alot of loans with savings and loans that are out business due S & L crisis

Merchants Mortgage - Rosemont IL. Closed Office one week after I joined, sold bank soon, my one day Boss became President of P and R Mortgage the following week.

Washington Capital - Good firm became Capri Capital and then mortgage company was sold to some other huge bank that now has gobs of federal bailout money.

Federal National Mortgage Company - I did multifamily affordable housing, DUS lender loan reviews, MBS pool reviews, Tax Credit Investment Site Inspections and a few DUS lender approvals. Good conservative firm with good multifamily underwriting standards, single family was conservative in those days but the old conservative guys never made to the top over those young MBA's with those great hedging ideas and sub-prime loan aspirations. Now government owned.

Arbor - Greystone - Kensington Realty Advisors -Evanston Financial arranging FHA - FNMA DUS - Freddie Mac - Apartment Senior Housing and Healthcare Loans, Office Buildings, Retail and single family development deals. Equity, loans and mezzanine debt. Conduit deals tell Ugly August 2007.

Kendal, England

Kendal, England
At the dale on the river Ken

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Kendall Realty Advisors

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KENDALL

Forename:

Origin: Teutonic; French; Latin

Surname:
Origin: (Locality). Derived from the town of Kendal, in Westmoreland, England, and was so called from the river Ken, on which it is situated, and dale; the dale on the river Ken.

About US:

Our knowledgeable team at Kendall Realty Advisors has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, FHA and FNMA insured loans. Throughout our careers, we have originated and/or underwritten in excess of $745,000,000 in mortgage loans with a focus on apartments, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for several NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Chuck has been president of a FHA mortgage company and a developer. Scott was the VP of Origination for several FHA and FNMA lenders. He has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products. We understand that the integrity of the loan officer for the loan quote and rate pricing can make a huge difference for FHA clients.

Contact us anytime, We look forward to your call.

Scott Kendall
(847) 903-7578
scott@kendallrealtyadvisors.com

Chuck Kendall
(773) 259-7074
ckendall@kendallrealtyadvisors.com
SUITE 200
EVANSTON ILLINOIS 60202

KENDALL REALTY ADVISORS

Apartment Lender

East of Pearl - Portland, OR

East of Pearl - Portland, OR
Financing arranged by Scott Kendall
KENDALL REALTY ADVISORS LLC

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We are aligned with the leading FHA 232 Lean Lender.

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