Huntington Cap Enters FHA Niche

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.