The Daily Gazette
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HUD to insure loan for Ellis

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Ellis Medicine will save about $17.5 million in interest costs on a $54.8 million federal loan approved Wednesday for the consolidation of two existing emergency departments into the new Golub Center for Emergency Care. The U.S. Department of Housing and Urban Development has committed to insuring the mortgage, made possible through the Federal Housing Administration’s Section 241 Supplemental Mortgage Insurance Program. By insuring the loan, HUD enables Ellis to obtain financing that will allow it ...

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