Healthcare

Healthcare Initiative -
Private Placement Program

Purpose:
To create access to tax-exempt capital for small to mid-size healthcare institutions, Critical Access Hospitals and community providers of behavioral healthcare. Deal size may range from $2 to $25 million.

Types of Healthcare Facilities Eligible for Financing:
Critical Access Hospitals, small urban and rural hospitals, community providers of behavioral healthcare, and federally qualified healthcare centers in Illinois
that are 501(c)(3) qualified

Uses of Financing Proceeds:
Capital projects including: construction/renovation of facilities, equipment acquisition, acquisition of land or buildings, and to refinance existing debt

Highlights and Benefits:

• Finance up to 100% of project cost
• Reduced transaction costs
• Professional streamlined process, experienced healthcare financing team

Terms of Financing:
Private placement bond issue ranging from $2 million to $25 million
Term: up to 35 years

Program Partners:
This Private Placement Initiative offers various programs from qualified partners - you can choose from a range of options that best fit your needs. The IFA Healthcare Team can provide details on the partner programs available.

Fees:
The Authority’s fee for participants in this program is half of the fee based on the schedule. All fees are paid by the borrower. For complete information, including current fee schedule, contact the IFA Healthcare Team or a funding manager at your local IFA office.

Learn more about IFA Healthcare programs. Contact the IFA Healthcare Team