Healthcare
Healthcare Initiative –
Public Offering Program for
Critical Access Hospitals (CAH’s)
Purpose:
To create tax-exempt access to capital for Critical Access Hospitals (CAH’s) through the public credit markets
Types of Healthcare Facilities Eligible for Financing:
Critical Access Hospitals 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:
Up to 40 years
Fees:
The Authority’s fee for participants in this program is half of the fee based on the IFA fee 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
