Application Acceptance: March 15, 2019. Please note all information provided below is as of the date of the application submission with the exception of Loan Size & Closing Date.
Obligor: Comprehensive Healthcare provides a wide range of outpatient and residential mental health, chemical dependency, domestic violence and other related services in Benton-Franklin, Kittitas, Walla Walla, and Yakima counties. These services are provided to all ages and at a variety of levels of intensity ranging from educational classes, to outpatient counseling to acute residential treatment.
Loan Size: $4,000,000
Description of Loan: Proceeds of the loan will be used to refinance the outstanding WHCFA Series 2008 and Series 2013 Bonds and to pay a portion of issuance costs.
Interest Cost Savings: It is anticipated by Comprehensive Healthcare that it will save approximately $125,000 in interest costs over traditional taxable interest rate financing over the term of the loan. Any savings realized are directed into additional units of service for their clients.
Purchaser: U.S. Bank National Association
Closing Date: April 19, 2019