Financing Options for Hospital and Health Systems New Construction Projects
A new construction project, such as replacement hospital or construction of a medical office building, can be a necessary strategic option for hospitals seeking to increase revenues, improve operational efficiencies and/or to enhance its healing environment.
Lancaster Pollard has experience financing new construction projects with a variety of funding structures, including rated and nonrated tax-exempt bonds, and debt offerings credit-enhanced by commercial or agency options, including the FHA/HUD Sec. 242 program and USDA loan programs. In fact, Lancaster Pollard was the number one FHA Sec. 242 lender from FY 2007 to FY 2011, according to HUD data. And because we have access to the full range of financing options, we can objectively select financing structures to take advantage of lower interest rates and/or more favorable covenants and terms.
Additional information about Lancaster Pollard's new construction financing options: