New MUSC Health Indian Land Hospital expected to open in early 2028

HUD’s Federal Housing Administration (FHA) insured a $251.2 million supplemental mortgage to fund construction of MUSC Health Indian Land Hospital — an acute care hospital, medical office building, and central energy plant in Indian Land, South Carolina. The loan, originated by Armadale Capital under FHA’s Section 242/241(a) Hospital Facilities program, carries a 5.4% interest rate and a 25-year term; the facility is expected to open in early 2028. HUD says the project will improve access to acute care for residents of northern Lancaster County who often travel out of state for such services.