Thursday, April 9, 2009

FHA Issues $756 Million NJ Hospital Loan Committment: $3 Million+ Per Bed.

Biggest Loan in FHA history.

Forbes story is HERE. HUD PR is HERE.

HUD PR says (of course) how much hospital will save, how many jobs, economic impact etc.

Story/PR say hospital has 223 beds, so using my fingers and toes, that works out to a loan of $3.39 Million per bed. Ouch!

No comments:

Post a Comment