Welcome to AMS Health Care Mortgage Corporation
We warmly welcome you to the AMS Health Care Mortgage Corporation website! Our goal is to meet the capital needs of our clients, effectively, efficiently, and with great attention to their needs and special circumstances. We pride ourselves on client service and the expertise we bring to creating effective solution for our clients.
The Capital Health Project – Hopewell, New Jersey- $755,874,500 – was financed in the depths of the 2008-2009 financial crisis, when the capital markets for most hospitals were closed. Capital Health is the largest FHA insured project of any kind in the history of FHA’
New Orleans East Hospital – New Orleans, Louisiana – $97,604,300 – its predecessor, Pendleton Methodist Hospital, destroyed by Hurricane Katrina, was rebuilt through a combined effort of the FHA Hospital Insurance Program, the Community Block Grant Program of HUD, The State of Louisiana, FEMA, and the City of New Orleans. The low fixed rate and lack of negative arbitrage during construction helped make this project financing a success.
The advanced refunding for Union Health System – Terre Haute, Indiana – $266,600,300 – closed in August, 2016. An “Obligated Group” structure was used to allow affiliated entities to transfer assets between one another without an asset transfer test. The FHA Insured Mortgage was funded by taxable GNMA Securities with a mortgage rate of 3.33%. Union will save $147,897,309 over the life of the loan. This unique structure, substantial savings, and lack of affirmative covenants made the FHA transaction a very attractive option for Union.
A hallmark of our firm is the creative solutions we bring as a team and as individuals to meet our client’s needs and aspirations. Our cumulative experience exceeds 75 years in health planning, hospital administration, construction design and management, and finance. Our Team has the depth of experience and dogged determination to overcome the most complex FHA project financing obstacles.
These last years have been a truly challenging and demanding time for healthcare providers seeking financing for their needed projects. We are proud that AMS has been part of the solution that has successfully met many of these needs.
Please contact me to discuss ways AMS can assist your organization.
Joseph A. Spiak
President
