Healthcare
501(c)(3) Bond Program
Purpose:
To create access to public long-term credit markets for eligible 501(c)(3) healthcare facilities
Type of Healthcare Facilities Eligible for Financing:
501(c)(3) hospital systems, medical centers, stand-alone hospitals, community providers of behavioral healthcare, continuing care retirement communities (CCRCӳ) and medical clinics located in Illinois
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:
- 100% financing available
- Favorable interest rates
- Reasonable transaction costs
- Experienced team to provide professional streamlined process
Types of Tax-Exempt Bond Financing:
Fixed rate or variable rate bonds, including auction and commercial paper
Terms of Financing:
Up to 40 years, depending on the use of proceeds
Fees and Application:
The Authority’s fees are scheduled and competitive. You may select and pay for your own underwriter, counsel, underwriter's counsel, and bond counsel. For complete fee information, 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
