PROJECT NAME: Baptist Hospitals of Southeast Texas
LOAN PROGRAM: 242/241 Supplemental Loan
LOAN AMOUNT: $51,320,000
PROJECT TYPE/SIZE: 518-Bed Hospital
Century provided a $51,320,000 HUD-insured supplemental mortgage loan for the renovation and expansion of the Baptist Hospitals of Southeast Texas campuses via HUD’s Section 241/242 loan program. The supplemental loan provided the hospital with necessary funds to repair damage sustained from a powerful hurricane as well as expand to accommodate the growing needs of surrounding community.