Red Mortgage Capital Completes $19.9 Million Permanent Financing for Three Bridge-to-HUD Loans

RED CAPITAL GROUP provides one stop acquisition and permanent financing for three seniors communities in Ohio, refinancing its (proprietary capital) interim loan with FHA LEAN non-recourse financing for three seniors communities in Ohio. COLUMBUS, OH (PRWEB) October 27, 2011 Red Mortgage Capital, LLC provided permanent financing for three assisted living senior communities in north-central Ohio utilizing FHA Section 232/223(f) mortgage insurance and Ginnie Mae Mortgage Backed Securities (“GNMA MBS”). The FHA insured loans paid off interim financing that related entity Red Capital Partners,
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