Jefferson Community Health in Nebraska Obtains $5.8M in Funding for Renovations

Jefferson Community Health Center in Fairbury, Neb., has received $5.8 million in direct funding for renovations.

The 25-bed critical access hospital will use the funds to renovate its patient rooms and modernize operations.

Lancaster Pollard served as the hospital's investment banker, developing a credit profile for the hospital and soliciting an investor. The financing consisted of tax-exempt bonds at a fixed interest rate of less than 3 percent for 20 years. The structure features a 2-year, interest-only period and an 18-year amortization and term. Additionally, during the two-year period, interest is paid on the disbursed amount instead of the total amount.

More Articles on Hospital Financing:

Wallowa County Health Care District Secures $3.45M in Funding for Care Center
Kennedy Health System Issues $66M in Bonds for Refunding, Financing New Projects
Manning Regional Healthcare Center in Iowa Receives $21M USDA Loan

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