Recent Loans
| Obligor: | Seattle Cancer Care Alliance House is a subsidiary of Seattle Cancer Care Alliance. Seattle Cancer Care Alliance House will service SCCA patients coming from outside the Seattle area. The SCCA House will construct, own, and operate an 80-unit facility (the “Facility”) close to SCCA’s inpatient and outpatient hospital facilitates to provide short-term housing and meals for SCCA patients and their family members. In addition, patients will be able to receive some of their treatments in the comfort of a residential setting. |
| Loan Size: | $21,410,000 |
| Description of Loan: | To finance the building, equipping and furnishing of SCCA House. |
| Interest Cost Savings: | Based on current estimated taxable vs. tax exempt rates a net present value interest cost reduction of $7.1 million will be realized. |
| Underwriter: | Key Banc Capital Markets |
| Closing Date: | February 28, 2008 |
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| Obligor: | Established in 1953 Community Psychiatric Clinic (CPC) is a dually licensed behavioral healthcare organization. CPC provides a full continuum of community-based behavioral healthcare services in King County. Experienced professional staff provides outpatient counseling, vocational training, community support services for the mentally ill, chemical dependency treatment, and residential treatment and housing services at several sites across King County. |
| Loan Size: | $3,000,000 |
| Description of Loan: | To refinance the purchase of the Landmark Building, located at 11000 Lake City Way NE, Seattle, Washington. The 24,500 square foot building will be used by CPC as an outpatient behavioral healthcare facility as well as operate as the primary administrative site. |
| Interest Cost Savings: | Based on current tax exempt vs. taxable rates a interest cost reduction of $714,536 is expected |
| Underwriter: | Quick Loan with Bank of America |
| Closing Date: | March 26, 2008 |
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Recent Loans
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