Electra Memorial Hospital in Texas Begins $11.4M Expansion

Electra (Texas) Memorial Hospital has broken ground for an $11.4 million expansion project that is expected to be complete in April 2013, according to a Times Record News report.

The hospital will eventually double in size and include a 19-bed inpatient wing, eight private rooms and several other internal and external upgrades.

Lancaster Pollard underwrote the project using a taxable fixed-rate mortgage note insured by the FHA Sec. 242 program.

Note: Information about Lancaster Pollard's financing of the project was added Feb. 7, 2012.

Related Articles on Hospital Expansions:

Maryland's Peninsula Regional Medical Center to Break Ground on $18M OR Expansion

St. Joseph's Hospital in New York Receives State Grant for $140M Expansion Project

Baptist Hospital in Florida Begins $1.9M Expansion Project

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