THE PRIMARY CARE CAPITAL FUND (PCCF)

The PCCF offers permanent financing to cover costs of developing a primary care facility, including:

• Construction
• Renovation
• Equipment
• Professional services
• Purchase of property
• Financing costs
• Start-up working capital (up to 6% of the total loan amount)

Financing Level
Up to $6 million, depending on:

• Project costs
• The amount of debt the borrower's cash flow will support
• The financial strength of the borrower

Loan to Value

• Up to 90% of total project costs may be financed by the loan.
• Up to 30% of the PCDC financing package can be funded via PCDC grants, if available.

Term
Up to 15 years

Security

• First mortgage and first lien pledge of facility revenues
• One year's debt service reserve posted with PCDC

Interest Rate
15-year U.S. Treasury obligations + 200 basis points. Rate can be reduced to roughly 5% via grant funding, if available.