AMI Capital Closes $7.3 Million Behavioral Healthcare Facility in Delaware.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--Sept. 11, 2001 AMI Capital, Inc. closed a $7,284,500 permanent loan on a 50-bed addiction/mental health facility in New Castle, Delaware New Castle is a city in New Castle County, Delaware, six miles (10 km) south of Wilmington, situated on the Delaware River, at the head of Delaware Bay. In 1900, 3,380 people lived here; in 1910, 3,351. According to 2006 Census Bureau estimates, the population of the city is 4,836. . The loan, at a rate of 6.99 percent, has a 35-year term. Loan-to-value was 85 percent. It was funded through Section 232 FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). mortgage insurance with GNMA GNMA abbr. Government National Mortgage Association MBS See Mb/sec. MBS - mobile broadband services . Psychiatric care facilities are considered "specialized use facilities" and can be financed using FHA Section 232. Director Susana Araoz handled the transaction on behalf of a customer new to AMI Capital. The loan closed on September 6, 2001. Occupancy at closing was 100 percent. MeadowWood Behavioral Health System, located at 575 South DuPont Highway in New Castle, was built in 1987 and recently renovated in 1997. MeadowWood, one of several Focus Healthcare facilities, provides comprehensive treatment to communities throughout Delaware and surrounding states. Located on 10 private acres, the facility provides full continuum care for adults, adolescents, children and patients with a dual diagnosis who are recovering from addiction, with an emphasis on evaluation, diagnosis and treatment of mental illness. MeadowWood is laid out in a modern circular architecture with semi-private rooms and attached baths, and its grounds include an outdoor pool, recreation area and gymnasium. The facility is accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. by the Joint Commission on Accreditation of Healthcare Organizations Joint Commission on Accreditation of Healthcare Organizations, n.pr the United States body that accredits healthcare organizations. Joint Commission on Accreditation of Healthcare Organizations (JCAHO/TJC), n. . AMI Capital is a nationwide mortgage lender focusing on loans for multifamily housing communities, office buildings, hotels, industrial properties, retail centers, senior housing and healthcare facilities. Since its inception in 1990, AMI Capital's portfolio has grown to more than $2.2 billion. Headquartered in Bethesda, Maryland, AMI Capital's product line consists of Fannie Mae DUS DUS Driving Under Suspension (criminal charge) DUS Dwelling Unit (real estate) DUS Dynamic Underground Stripping DUS Dusseldorf, Germany - Dusseldorf (Airport Code) , FHA and commercial programs, including conduits and life insurance financing products. AMI Capital's regional offices are located in Alexandria, VA, Atlanta, Denver, Kansas City, Los Angeles and Phoenix. |
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