Huntington Capital, a subsidiary of Columbus, Ohio-based Huntington Bancshares, has entered the Federal Housing Administration mortgage niche by launching Huntington/NAC.The new subsidiary will provide mortgage financing for long-term care properties -- including senior housing, assisted living, skilled care, and "critical access" hospitals -- and multifamily properties through the FHA insurance program, Huntington Bancshares said. Financing will be provided to "for-profit" as well as "not-for-profit" borrowers for construction and rehabilitation projects, as well as for refinancings. Huntington/NAC is managed by John Lewis, David Fumi, and Boyd Crall. Mr. Lewis has more than 10 years of experience in the FHA mortgage world, according to Huntington.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry