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Property a great fit for FHA money.


Keeley Keeley may refer to:

People with the surname Keeley:
  • Barbara Keeley (contemporary), British Labour party MP
  • Damian Keeley (born 1963), English professional football player
 Kirkendall, EVP EVP Executive Vice President
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 Affordable Housing of ARCS Commercial Mortgage Co., announced the closing of $11,700,000 million in financing for Chateau at Bothell Landing, a 102-unit independent/assisted living facility in Bothell, WA, just north of Seattle Seattle (sēăt`əl), city (1990 pop. 516,259), seat of King co., W Wash., built on seven hills, between Elliott Bay of Puget Sound and Lake Washington; inc. 1869. .

"This property was a really great fit for the FHA See Federal Housing Administration.

FHA

See Federal Housing Administration (FHA).
 products. A really long term, big proceeds, and a low rate, despite some factors which would have been hurdles for other sources," remarked Kirkendall.

The loan was originated by ARCS' Bend Office through HUD's section 232/223(f) programs which provide mortgage insurance to facilitate financing for all forms of senior housing.

The loan proceeds were used to pay off the construction loan and to perform minor improvements on the property. The loan was for a 35 year term at a fixed rate of 5.98%.
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Article Details
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Aug 23, 2006
Words:134
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