AMS Closes $97.6 Million FHA 242 Insured Mortgage Loan for Construction of New Orleans East Hospital

More than seven years after the devastation of Hurricane Katrina resulted in the shuttering of hospitals in New Orleans East, AMS Health Care Mortgage Corporation (“AMS”) has completed a GNMA transaction utilizing FHA 242 Hospital Mortgage Insurance from the U.S. Department of Housing and Urban Development (“HUD”) to restore acute care services to the 80,000 residents of New Orleans East. JACKSONVILLE, FL and NEW ORLEANS, LA (PRWEB) January 17, 2013 AMS Health Care Mortgage Corporation provided a $97.6 million FHA insured loan to the Parish Hospital Service District of the Parish of Orlean
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